A draft U.S. crypto bill suggests XRP, Solana, and Dogecoin could be classified like Bitcoin. That specificity is either progress or a new problem.
U.S. Crypto Bill Eyes Equal Status for XRP, Solana, Dogecoin
A discussion draft of the Digital Asset Market Clarity Act, highlighted by journalist Eleanor Terrett, includes language that would classify certain tokens—specifically XRP, Solana, and Dogecoin—in the same regulatory category as Bitcoin and Ethereum. The key phrase is "network tokens," a term the bill appears to use as a way to carve out assets that function primarily as infrastructure or utility within decentralized systems, rather than as investment contracts.
What stands out here isn't just the inclusion of these three tokens. It's that lawmakers are naming assets at all. For years, the regulatory debate has been abstract—"securities vs. commodities," "utility vs. investment," "sufficient decentralization." This draft shifts toward specificity, which could either resolve ambiguity or create new questions about favoritism and criteria.
If XRP, Solana, and Dogecoin are classified the same way as Bitcoin, it implies they've met some threshold of decentralization, network maturity, or functional use that exempts them from securities treatment. That threshold isn't fully defined yet, but the implication is significant for exchanges, institutional custody, and compliance infrastructure. It also raises the question: what about the tokens that didn't make the list?
The bill is still a draft, so none of this is final. But the direction matters. If this language survives, it could mark a shift from case-by-case enforcement to something closer to categorical clarity—at least for a select group of assets.
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