Major crypto tokens could skip extra disclosure rules, easing institutional trading and boosting U.S. market acceptance.
A draft U.S. Senate crypto bill suggests that major tokens, including XRP, Chainlink (LINK), Solana (SOL), Dogecoin (DOGE), and Hedera (HBAR) may be treated like Bitcoin and Ethereum from the start.
This would allow them to avoid extra disclosure and regulatory burdens that most other tokens would face. If confirmed, the move signals stronger regulatory acceptance and could make it easier for institutions to invest in these digital assets.
Draft Bill Signals Equal Treatment for Major Tokens
As reported by journalist Eleanor Terrett, several leading crypto tokens could receive regulatory treatment equivalent to Bitcoin and Ethereum under a draft market structure bill circulating ahead of its official release by the U.S. Senate Banking Committee.
The incomplete draft includes a provision stating that if a major token is the main asset of an ETF listed on a U.S. stock exchange by January 1, 2026, it would be exempt from the disclosure requirements that apply to most other digital assets under the bill.
This lighter disclosure makes it easier, faster, and cheaper for institutions to invest in and trade the token.
Under this framework, Chainlink (LINK) is listed alongside XRP, Solana (SOL), Litecoin (LTC), Hedera (HBAR), and Dogecoin (DOGE), placing them on the same regulatory footing as Bitcoin (BTC) and Ethereum (ETH) from the outset of the legislation’s implementation.
Reduced Compliance Uncertainty for Investors
The provision represents a significant regulatory signal for the tokens, which have long existed in a gray area amid debates over classification and disclosure obligations.
If enacted, the bill would reduce compliance uncertainty for investment products tied to these assets and could encourage broader institutional participation.
DeFi-TradFi Compromise and Broader Regulatory Context
Beyond token classification, the draft bill reflects a compromise between decentralized finance (DeFi) and traditional finance (TradFi).
Section 601 reportedly protects software developers, after tense closed-door negotiations last week. TradFi groups had worried that DeFi could be used to bypass regulations.
The draft bill also includes two ethics rules, covering felony convictions and insider trading, while other committees handle most other ethics matters.
The document, however, does not include the section on stablecoin yield.
Why This Matters
If passed, the bill would reduce regulatory hurdles for these XRP, Chainlink (LINK), Solana (SOL), Hedera (HBAR), and Dogecoin (DOGE), making them easier for institutions to invest and trade while signaling growing U.S. acceptance of major crypto assets.
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