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There is an important piece of information in the draft of the Senate Banking Committee's Market Structure Act, which clarifies that a certain category of "Network Tokens" are not considered securities under specific conditions.
If a network token is already traded as a "primary asset" of a compliant trading product (such as an ETF or ETP) on January 1, 2026, then legally, that network token will be explicitly excluded from the definition of "securities."
Interpretation: This mainly refers to already successful spot ETFs. By January 1, 2026, the ETFs that have already been successfully launched include $BTC $ETH $SOL , the three assets mentioned above, and even CME futures.
It also includes $DOGE $HBAR $LTC and $XRP (not sure if I missed any).
If this bill passes, it means these cryptocurrencies will no longer be considered securities.
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