Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) rallied 5% on Tuesday after the Senate Banking Committee released a draft bill that would give DOGE the same regulatory treatment as Bitcoin (CRYPTO: BTC)—classifying it as a commodity rather than a security.
Senate Bill Gives DOGE Same Status As Bitcoin
The draft bill’s key provision is simple: because a Dogecoin ETF was already trading on a major exchange before January 1, DOGE automatically qualifies for “non-ancillary asset” status.
This means DOGE escapes SEC securities rules and registration requirements that other crypto projects face.
Exchanges like Coinbase can now list DOGE without …