Crypto Bill Draft Grants XRP, Solana and Dogecoin Same Legal Status as Bitcoin
Decrypt • • general
Key Points:
- A draft U.S. Senate bill, the "Clarity Act," proposes classifying major cryptocurrencies like XRP, Solana, and Dogecoin as "non-ancillary" assets, exempting them from being treated as securities and related SEC disclosure requirements.
- The bill bases this classification on a token's inclusion as the principal asset in regulated exchange-traded products (ETPs) by January 1, 2026, effectively granting these altcoins a regulatory status similar to Bitcoin and Ethereum.
- Experts suggest the bill's immediate impact would enhance institutional access and compliance clarity rather than cause short-term price spikes, potentially broadening institutional engagement with these cryptocurrencies.
- The draft also includes political compromises, such as protections for software developers and excludes contentious stable
