A trio of high-profile crypto exchanges reportedly pressed U.S. lawmakers to strike a controversial provision from a sweeping market-structure bill that, if enacted, could curb trading options for smaller digital assets. According to a Politico report, Coinbase, Kraken and Gemini asked legislators to remove language that would require platforms to offer trading only on assets “not readily susceptible to manipulation.”

The move, which emerged after the US Senate Agriculture Committee advanced its version of the bill in January, highlights the growing influence of exchange operators as policy dialogues unfold ahead of broader regulatory decisions. Coinbase CEO Brian Armstrong later signaled that the legislation could not be supported…