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Grayscale Names 4 Altcoins Likely to Benefit from the CLARITY Act

Grayscale asset managers mention four blockchains most ready to absorb institutional flows after the CLARITY Act is enacted. This list pairs Ethereum and Solana with BNB Chain and Canton Network.

The Digital Asset Market Clarity Act passed the Senate Banking Committee with a 15-9 vote on May 14. The bill will divide crypto asset oversight between the SEC and CFTC and is now headed to the full Senate for a vote.

Why Grayscale Chose These Four Blockchains as Beneficiaries of the CLARITY Act

Ethereum
ETHUSD
leads for assets with full on-chain functionality, writes Grayscale. BNB Chain and Solana COINBASE:SOLUSD are in second and third place.

These three networks also top the list based on stablecoin supply and total value locked in DeFi, the company reports.

These four chains also made Grayscale’s early-year megatrend tokenization picks. Grayscale sees regulated capital flowing more into networks with a deep on-chain financial footprint.

This situation benefits established networks already connected to the traditional financial system.

“Regulatory clarity will soon be here, and large capital flows are likely to lift digital assets overall. This regulation targets chains already leading in asset tokenization, stablecoins, and DeFi: $ETH, $SOL, $BNB, and $CC,” Grayscale wrote in a post.

Canton Network Takes a Different Path

Canton Network
CC
is somewhat different from the other three networks. This privacy-focused Layer-1 was specifically built for regulated institutions, and the recent launch of the Canton Network ETF provides retail investors access.

Currently, Canton Network hosts a pilot tokenization of U.S. Treasury securities by DTCC, with J.P. Morgan, HSBC, and Visa among its validators.

“Wall Street is already on-chain. US$350 billion is processed daily on Canton, with over US$6 trillion in real-world assets tokenized and institutions like JPMorgan and DTCC building directly on the network,” the network recently explained.

Grayscale also highlights Avalanche, Base, Arbitrum, Hyperliquid, and Tron as altcoins potentially benefiting from this new regulatory framework.

Next Senate floor vote will test how quickly capital flows follow policy changes. The Senate Banking Committee vote cleared the first major hurdle on May 14.

A 60-vote majority is needed for final approval, so the bill’s direction heavily depends on Democratic support.