US bill grants XRP, Solana, and Dogecoin the same status as Bitcoin

Source: PortaldoBitcoin Original Title: US Senate bill gives XRP, Solana, and Dogecoin the same status as Bitcoin Original Link: A preliminary version of the important US Senate bill could grant major cryptocurrencies like XRP, Solana, and Dogecoin significant regulatory relief, placing them in the same category as Bitcoin and Ethereum, according to a draft circulating ahead of the official release.

The Senate Banking Committee’s “Clarity Act” bill, released today by Chairman Tim Scott, includes a provision that would classify certain tokens as “non-accessory” assets, effectively exempting them from being treated as securities and from SEC disclosure requirements.

Eligibility for ETFs as an entry point

Legalization is based on including a token in a regulated financial product.

The draft text specifies that a token is considered non-accessory — and not a security — “if, by January 1, 2026, any units of this network token were the primary asset of a publicly traded product… listed and traded on a national stock exchange,” the document states.

Based on existing ETP listings, this would apply to XRP, Solana, Litecoin, Hedera, Dogecoin, and Chainlink, granting them a regulatory status parallel to Bitcoin and Ethereum from the bill’s effective date.

The immediate impact is on institutional access, not short-term speculation, experts said.

Altcoins registered moderate gains in response to the Clarity bill draft, while Bitcoin traded near $94,000, up 1.9% for the day, according to market data.

“If this language is maintained in the final version of the bill, the immediate impact will be less on prices and more on compliance,” said Jordan Jefferson, founder of DogeOS. “A clearer legal pathway to overcome classification uncertainty could expand the set of institutions that can get involved.”

The bill “reflects a broader shift toward regulating crypto assets based on how they are distributed and used in regulated financial products,” said Jamie Elkaleh, CMO of a digital wallet platform.

“Finalizing this bill with a ‘non-accessory’ label linked to ETFs would probably place XRP, SOL, and DOGE in the same compliance comfort zone that unlocked institutional demand for BTC and ETH,” said Joshua Chu, lawyer and co-chair of the Hong Kong Web3 Association.

Unpredictable factor in elections

He warned, however, that the “unpredictable factor is US politics,” with the fate of the bill tied to the upcoming midterm elections.

The draft also reveals political concessions, including a section that protects software developers — a concession to decentralized finance (DeFi) interests — and the notable omission of a controversial section on stablecoin yields.

The draft provides a clear roadmap for Congress to begin drawing formal lines in cryptocurrency regulation, with ETF eligibility emerging as a definitive entry point for legitimacy.

Its first major test is imminent; the Senate Banking Committee is scheduled to debate and possibly amend the bill in a review hearing this Thursday.