The Senate Banking Committee released a draft bill Tuesday that would treat XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), Dogecoin (CRYPTO: DOGE), and more the same way regulators currently treat Bitcoin (CRYPTO: BTC)—as commodities, not securities.
How Tokens Get Bitcoin-Like Treatment
The draft specifies that tokens qualify as “non-ancillary assets” if served as the principal asset of an ETF listed on a national securities exchange as of January 1.
That means it escapes SEC securities rules and doesn’t need to file the same disclosures other crypto projects do.
This matters because every altcoin ETF that launched before New Year’s Day just gave those tokens a regulatory hall pass.
XRP, SOL, DOGE, Litecoin (CRYPTO: LTC), Hedera (CRYPTO: HBAR), and Chainlink (CRYPTO: LINK) all qualify based on ETFs …