Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) rallied 5% on Tuesday after the Senate Banking Committee released a draft bill that would give DOGE the same regulatory treatment as Bitcoin (CRYPTO: BTC)—classifying it as a commodity rather than a security.

Senate Bill Gives DOGE Same Status As Bitcoin

The draft bill’s key provision is simple: because a Dogecoin ETF was already trading on a major exchange before January 1, DOGE automatically qualifies for “non-ancillary asset” status. 

This means DOGE escapes SEC securities rules and registration requirements that other crypto projects face.

Exchanges like Coinbase can now list DOGE without securities law risk. 

Asset managers…

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