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.