Sometimes I wonder what led us down the path of idiocy and then I see takes like this which show how far the education system has fallen. Starting off at the most basic basic level this bill directly states Bitcoin is protected so boom bam whadda wam its fine. Second and a little bit higher thinking than I think you are used to or can do... Laws get nuked all the time in the US for creating favoritism. If you want to protect BTC you have to protect crypto you cannot exclude others from protection without lawsuits and then the law being struck down.

The law ought to protect Bitcoin and shitcoins alike. Equality before the law is essential for Bitcoin's long term success. Let the market kill the shitcoins, not the politicians

From a legal POV? Yes. Otherwise, you need the politicians to craft a law that distinguishes the two. Sure, you could have proof of work and decentralized inserted into the definition, but even there you won't eliminate all the coins out there. And the law could give a shit about being first or the network effect or any of that.

And whatever you think about shitcoins, if you're opposed to government interference and support free speech, that means in all cases, not just for things you like. Otherwise, those aren't principals, just word.