Grayscale has named four blockchain that could greatly benefit from the upcoming highly anticipated pro-cryptocurrency CLARITY Act. According to the financial institution Ethereum (ETH), Solana (SOL), BNB, and Canton (CC) have the most to gain from regulatory clarity in the US. Let’s discuss why the firm has picked these three cryptocurrencies.

Why Has Grayscale Picked These 4 Cryptocurrencies As Beneficiaries From The Clarity Act?

According to Grayscale, tokenized assets and decentralized finance (DeFi) will be at the forefront if the US passes the CLARITY Act into law. The firm notes that Ethereum (ETH), Solana (SOL), BNB, and Canton (CC) have already made substantial inroads into tokenized assets and DeFi innovation. According to Grayscale, institutions will target these four cryptocurrencies first.

Grayscale also highlights the growth of stablecoins as another factor. Stablecoins have become a central pillar of the cryptocurrency realm, and the number of stablecoins available in the market has only grown over the years. Ethereum, Solana, and BNB Chain stand out in terms of stablecoins created on networks.

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Grayscale does not stop at just Ethereum (ETH), Solana (SOL), BNB, and Canton (CC). The firm also says that Avalanche and Ethereum layer-2s, such as Base and Arbitrum, could also benefit from the CLARITY Act. Specialized cryptocurrency blockchains like Hyperliquid, and stablecoin-focused networks like Tron may also gain substantial momentum from the legislation.

Will The Act Be Passed Into Law?

The CLARITY Act is one of the most anticipated cryptocurrency-related legislations in US history. While the act is in its final stages, it has seen a fair share of resistance. Banking groups are asking for new language to prohibit stablecoin yields as it may hurt their savings accounts.

Moreover, some Senators are asking for more ethics language, which could keep people in power from making profits with cryptocurrencies.