🚨 DRAFT SENATE BILL COULD RECLASSIFY MAJOR ALTCOINS.
An interesting section in the draft Senate crypto market structure bill addresses token classification.
If a crypto token is the primary asset of an ETF listed on a national securities exchange (registered under Section 6 of the Securities Exchange Act) as of January 1, 2026, it would be exempt from being classified as an “ancillary asset” or a security.
This means such tokens would not be subject to additional disclosure requirements and would be treated more like commodities, similar to $BTC and $ETH.
Under this framework, tokens like $XRP, $SOL , $LTC , $HBAR, $DOGE , and $LINK are placed in the same basket as BITCOIN AND ETHEREUM.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 DRAFT SENATE BILL COULD RECLASSIFY MAJOR ALTCOINS.
An interesting section in the draft Senate crypto market structure bill addresses token classification.
If a crypto token is the primary asset of an ETF listed on a national securities exchange (registered under Section 6 of the Securities Exchange Act) as of January 1, 2026, it would be exempt from being classified as an “ancillary asset” or a security.
This means such tokens would not be subject to additional disclosure requirements and would be treated more like commodities, similar to $BTC and $ETH.
Under this framework, tokens like $XRP, $SOL , $LTC , $HBAR, $DOGE , and $LINK are placed in the same basket as BITCOIN AND ETHEREUM.