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