After the U.S. Senate released a draft cryptocurrency bill, the price of Dogecoin (DOGE) rose by about 8%, as the bill may categorize it under a more favorable regulatory category. The wording of the bill indicates that assets supported by existing spot ETFs for exchange-traded products (such as DOGE) might avoid being classified as stricter "auxiliary assets." Although this sparked speculative buying, analysts pointed out that the bill is still a draft, subject to potential amendments, and does not address the core challenges faced by DOGE, such as limited utility and stagnation in ecosystem development.