Crypto Bill Draft Grants XRP, Solana and Dogecoin Same Legal Status as Bitcoin
A draft U.S. Senate bill, the “Clarity Act,” proposes classifying major cryptocurrencies such as XRP, Solana, Dogecoin, Litecoin, Hedera, and Chainlink as “non-ancillary” assets, exempting them from securities classification and SEC disclosure requirements. This status would apply to tokens that are the principal asset of a regulated exchange-traded product (ETP) as of January 1, 2026—paralleling current regulatory treatment of Bitcoin and Ethereum. The immediate effect is expected to be enhanced institutional access and clearer compliance for these tokens, rather than significant price changes. The bill also includes protections for software developers and omits a contentious section on stablecoin yield. The approach emphasizes regulatory status linked to inclusion in regulated financial products. The bill’s progress and contents will be influenced by political negotiations, especially with midterm elections approaching. The Senate Banking Committee is set to discuss and possibly amend the draft in an upcoming hearing.
