Grayscale Names 4 Altcoins Likely To Benefit From the CLARITY Act

Asset manager Grayscale has identified four blockchains best positioned to absorb institutional capital if the CLARITY Act becomes law. The list pairs Ethereum and Solana with BNB Chain and Canton Network, a selection that maps directly to the regulatory clarity the bill aims to create.

The CLARITY Act, still pending in the US Congress, would establish a clear classification framework for digital assets, define which tokens are commodities versus securities, and set reporting standards for issuers and exchanges. For asset managers like Grayscale, the bill removes the legal ambiguity that has kept large pools of capital on the sidelines. The simple read is that any token with a US-based ecosystem or institutional custody solution benefits. The better market read is narrower: only blockchains with existing regulatory engagement, proven compliance infrastructure, and deep liquid markets are likely to see the first wave of flows.

Grayscale's Four Picks and the CLARITY Act Path

Ethereum is the most obvious choice. It already has a regulated futures market (CME ETH futures), a spot ETF filing pipeline, and the highest developer activity of any smart contract platform. The CLARITY Act would cement its status as a non-security, removing the primary uncertainty that has suppressed institutional allocations. Solana follows a similar logic. Grayscale has a Solana trust product, and the network has aggressively pursued regulatory clarity through its Solana Foundation disclosures. The bill would accelerate ETF or trust conversions for both.

BNB Chain is a more controversial inclusion. Despite being linked to Binance, which faces ongoing SEC litigation, Grayscale appears to bet that the CLARITY Act will preempt enforcement-driven classification by codifying a standard that applies across exchanges. If the bill passes, jurisdictional ambiguity around BNB tokens falls away, making it easier for US-based funds to hold exposure.

Canton Network stands out as the least retail-focused pick. It is a permissioned blockchain designed for institutional asset settlement, not public trading. Grayscale's inclusion suggests the CLARITY Act would also clarify the treatment of tokenized real-world assets, a market the network targets. This is the pick most sensitive to the bill's language on securities law exemptions for private blockchains.

The Market Read: Institutional Flow Path

For traders, the immediate takeaway is not to buy these tokens on the news. Grayscale's list reflects long-term fund construction, not a short-term catalyst. The better framework is to watch how each network's native token responds to CLARITY Act headlines versus the broader crypto market. Ethereum and Solana already command institutional liquidity; any positive bill progress should compress the discount on Grayscale's own trusts for those assets. BNB Chain carries execution risk from the Binance case, making it a higher-beta play on the bill's passage. Canton Network has no widely traded token, so the benefit accrues to its infrastructure partners, not a liquid asset.

The CLARITY Act is not guaranteed to pass. Gridlock in Congress or amendments that carve out stablecoin oversight could narrow the bill's scope. If the bill stalls, Grayscale's picks still stand as a signal of which blockchains the largest asset manager sees as regulatory-compliant enough for long-term storage. That alone shifts the narrative for Solana and BNB Chain, which have traded on uncertainty for months.

Next Decision Point

The bill's next committee markup is the concrete catalyst. Any amendments that explicitly classify Ethereum or Solana as commodities would confirm Grayscale's thesis. Amendments that tighten exchange-token rules could hurt BNB Chain. Traders should track floor debate on the definition of a security vs. a commodity, as that language dictates which of these four blockchains actually benefits. Until then, Grayscale's list is a watchlist, not a trade signal.