Grayscale Names 3 Crypto Tokens That Could Gain From New SEC Rules

Grayscale's research division has positioned three major blockchain networks as primary beneficiaries of the SEC's newly proposed Regulation Crypto Assets framework. In an August 19 analysis, Zach Pandl, Head of Research at Grayscale, identified Ethereum, Solana, and BNB Chain as the native assets most likely to capture value from the regulatory shift toward tokenized fundraising.

The SEC announced Regulation Crypto Assets on August 18, establishing a dual pathway for token issuance through tailored exemptions from securities law for certain investment contracts involving crypto assets. Under the proposal, eligible crypto projects could raise up to $75 million in capital through token offerings, creating a structured framework where previously regulatory ambiguity had constrained token-based fundraising activity.

Pandl's analysis directly connects the regulatory clarity to broader blockchain economics. Smart contract platforms such as Ethereum, Solana, and BNB Chain function as infrastructure layers supporting digital asset issuance, stablecoins, and decentralized finance applications. As token-based fundraising becomes legally defined and accessible, activity on these networks would logically expand—increasing transaction volume, network usage, and demand for the native tokens required to execute transactions and secure these systems. The regulatory framework thus creates an indirect but meaningful tailwind for the three identified blockchain ecosystems.

The assessment presents potential gains as conditional rather than guaranteed, reflecting the speculative nature of regulatory impact on asset valuations. However, the identification of these three specific networks by a major asset manager signals institutional recognition that regulatory clarity—rather than favorable price action alone—may drive meaningful structural demand for public blockchain infrastructure in the coming period.