   
A draft of a crucial bill in the US Senate could significantly reform crypto regulation by putting major assets like XRP, Solana and Dogecoin on equal footing with Bitcoin and Ethereum.
The proposal, included in the Senate Banking Committee’s latest draft CLARITY Act, signals a decisive step toward clearer, more predictable rules for the digital asset market, potentially accelerating institutional adoption and market confidence.
This was announced by the chairman of the Senate Banking Committee, Tim Scott draft legislation draws a clear line between ‘supporting’ and ‘non-supporting’ digital assets.
Tokens deemed non-subordinate would be formally excluded from securities classification, freeing them from SEC registration and disclosure rules, marking a potential breakthrough on one of the crypto industry’s longest-running pain points.
The bill sets a clear, objective threshold for classifying digital assets. A token is considered “non-supplementary” and therefore excluded from the status of securities, if it serves as the underlying asset of a spot exchange-traded product (ETP) listed on a US national securities exchange on January 1, 2026.
 Notably, this standard aligns with regulatory precedent already applied to Bitcoin and Ethereum, both of which underlie approved US spot ETPs.
Based on current ETP listings and regulatory filings, the provision would likely extend to major digital assets such as XRP, Solana, Litecoin, Hedera, Dogecoin and Chainlink. If enacted, these tokens would gain the same legal status as Bitcoin and Ethereum from the effective date of the law, providing long-awaited clarity and certainty for investors, exchanges and institutional market participants.
Why does this matter? Well, the consequences are significant. By removing the lingering threat of securities enforcement, the CLARITY Act could catalyze institutional adoption, deepen market liquidity, and significantly reduce regulatory compliance uncertainty for U.S.-based crypto companies.
Crucially, this would signal a clear shift from the SEC’s ‘regulation-by-enforcement’ approach to a rules-based framework that the industry has long sought.
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