Senate Draft Crypto Market Structure Bill: ETF-Listed XRP, SOL, LTC, HBAR, DOGE, LINK Treated Like BTC and ETH From Day One as Non‑Ancillary Assets in 2026

A Senate Banking Committee draft bill proposes classifying tokens used as primary assets in ETFs listed on national exchanges as non-ancillary, effective January 1, 2026. Tokens like XRP, SOL, LTC, HBAR, DOGE, and LINK would be treated like BTC and ETH, potentially boosting institutional adoption and trading volumes. The draft also includes ethics provisions and a DeFi–TradFi compromise, while omitting a stablecoin yield section. Monitor ETF listings and regulatory clarity for Hedera-related implications and hedging strategies.