Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report

Crypto exchanges are lobbying U.S. lawmakers to exclude a provision from a proposed regulatory bill that would classify certain cryptocurrencies as risky tokens. The provision could impose stricter regulations on these tokens, which many exchanges argue would stifle innovation and limit consumer access. Industry representatives are concerned that the classification could lead to increased scrutiny and compliance costs for exchanges. The pushback comes as lawmakers seek to establish clearer guidelines for the cryptocurrency market amid growing concerns about investor protection and market stability.

Read the full article: Coin Telegraph