Grayscale names Ethereum, Solana, BNB Chain and Canton Network as top beneficiaries of clearer U.S. crypto rules
Grayscale has published a new roadmap outlining which blockchain networks could gain the most as Washington moves toward a more coherent U.S. crypto regulatory framework. The firm's shortlist: Ethereum, Solana, BNB Chain and Canton Network.
Released around May 2122, the report arrives as U.S. lawmakers push forward on market-structure legislation. The Digital Asset Market Clarity Act advanced out of the Senate Banking Committee in a bipartisan 159 vote on May 14, the most significant market-structure push since the stablecoin-focused GENIUS Act in 2025.
In its note, "The Blockchains that Stand to Benefit from Regulatory Clarity," Grayscale argues that a formal system for classifying digital assets and registering intermediaries would speed institutional adoption of public blockchains.
Ethereum leads the list, with Grayscale pointing to its position in tokenized assets and full onchain functionality. Solana and BNB Chain follow, driven by stablecoin activity and DeFi engagement, measured through total value locked and decentralized exchange volume. Canton Network is cited as a strong candidate for institutional deployments, especially where privacy-compliant functionality is required.
Grayscale also addresses a point of confusion: some coverage, including Cointelegraph, identified Cardano as the fourth network. Grayscale's original report specifies Canton Network, a material difference given Canton's focus on institutional privacy use cases versus Cardano's distinct market positioning.
The analysis builds on Grayscale's December 2025 publication, "2026 Digital Asset Outlook: Dawn of the Institutional Era," which anticipated that bipartisan market-structure legislation would follow the GENIUS Act. Grayscale says that forecast is now playing out.
The Digital Asset Market Clarity Act is designed to establish a digital-asset classification regime, a registration framework for crypto intermediaries, and a market-structure blueprint intended to provide clearer guardrails for regulators and market participants. Grayscale's central view is that clearer rules will drive deeper integration of public blockchains into traditional finance, primarily through tokenization of real-world assets and expanded stablecoin functionality within decentralized finance.
