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Gate Square New & Returning Creator Rewards are ongoing!
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The Senate Banking Committee released a draft bill that would classify Dogecoin the same as Bitcoin, treating it as a commodity rather than a security because a DOGE ETF existed before January 1.
If passed, the bill would remove major SEC restrictions, allowing exchanges to list DOGE freely and giving institutions clearer rules to launch DOGE-related products.
DOGE and Shiba Inu (SHIB) rallied about 5% on the news, with DOGE pushing key resistance levels after recent weakness.
A committee vote is scheduled this week, and approval could open the door for broader institutional adoption of meme coins.
$DOGE tests key resistance ahead
$SHIB rallies after 62% collapse