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Grayscale Named 4 Cryptocurrency Networks That Could Benefit From the CLARITY Act
Grayscale identified Ethereum, Solana, $BNB Chain, and Canton Network as blockchain networks that could benefit from clearer digital asset regulation in the United States, including the potential adoption of the CLARITY Act. The research highlighted tokenized assets, DeFi, stablecoins, and institutional infrastructure as key areas of potential demand.
Key Takeaways:
- Grayscale named Ethereum, Solana, $BNB Chain, and Canton Network as the leading beneficiaries of clearer U.S. digital asset regulations.
- Institutional demand could increase in tokenization, stablecoins, DeFi, and regulation-compliant blockchain infrastructure.
- Regulatory debates could influence the direction of capital flows between competing digital finance networks.
Crypto Networks That Could Benefit From the CLARITY Act
On May 22, 2026, Grayscale published a research note examining which blockchain networks could benefit from the potential adoption of the CLARITY Act and a clearer U.S. market structure. The report, titled “Blockchains That Benefit From Regulatory Clarity,” named Ethereum, Solana, $BNB Chain, and Canton Network as leading candidates for institutional investor attention in tokenized assets, decentralized finance, and stablecoin infrastructure.
Grayscale Head of Research Zach Pandl based the outlook on activity already observed on-chain. Ethereum led in the tokenized asset category thanks to its liquidity, developer ecosystem, and established decentralized finance markets. Solana and $BNB Chain ranked highly in transaction activity, stablecoin usage, and decentralized applications. Canton Network stood out for its privacy-focused infrastructure designed for regulated financial institutions and tokenized real-world assets. Avalanche, Base, Arbitrum, Hyperliquid, and Tron were also included in Grayscale’s expanded list. The head of research explained in detail:
“As regulatory clarity improves, institutional capital will likely gravitate toward the leading chains for tokenized assets and DeFi. Today, those are Ethereum, Solana, $BNB Chain, and Canton Network.”
The report linked regulatory progress to institutional demand for tokenization and stablecoins, while emphasizing that not all blockchains are positioned equally. Grayscale placed Ethereum, Solana, $BNB Chain, and Canton Network in the top group, while also noting that Bitcoin remains important. BTC serves as a primary collateral asset and reserve instrument despite having fewer built-in smart contract capabilities than Ethereum or Solana.
CLARITY Act Debate Shapes the Structure of the Crypto Market
In 2026, lawmakers continued discussing digital asset legislation while market participants closely monitored the CLARITY Act and related proposals. On May 14, 2026, the Senate Banking Committee approved the bill by a 15–9 vote. The proposals addressed token classification, registration procedures, and how oversight responsibilities could be divided between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These measures would help determine how digital assets are issued, traded, and regulated in the United States.
Broader crypto market research also connects regulation with institutional adoption. Grayscale’s 2026 outlook identifies regulated stablecoins, spot crypto exchange-traded products (ETPs), and tokenized financial assets as key themes for traditional finance. This broader perspective reinforces the May 22 note’s focus on networks with existing users, liquidity, and financial applications.
Pandl also mentioned additional networks that could benefit from clearer regulations, including hybrid networks such as Avalanche and Ethereum Layer 2 networks like Base and Arbitrum, specialized blockchains such as Hyperliquid, and stablecoin-focused networks like Tron. He wrote:
“We believe each of these networks should also benefit from regulatory clarity.”
Institutional adoption trends are reshaping competition between blockchain networks with different operational models. Ethereum, Solana, $BNB Chain, and Canton Network target different segments of digital finance, ranging from public decentralized applications to permissioned institutional systems. Grayscale’s research placed regulatory clarity at the center of this competition, with capital likely to flow first into networks already supporting tokenization, DeFi, stablecoins, and compliance-focused financial infrastructure.
See also: "What Is Happening in Crypto ETFs? How Capital Inflows and Outflows Affect the Market"
