Grayscale Names ETH, SOL, and BNB Top Beneficiaries of SEC Reg Crypto Proposal
The SEC has unveiled its Reg Crypto proposal, opening a legal framework for US token sales and offering a safe harbor from securities laws. Grayscale Research predicts Ethereum, Solana, and BNB Chain will capture the bulk of incoming on-chain fundraising volume. As capital prepares to return onshore, major layer-1 networks are positioned to absorb protocol fees and liquidity.
The SEC has finally proposed a legal pathway for US crypto token raises under Reg Crypto, shattering years of regulatory uncertainty. Grayscale Research was quick to point out the real winners: the base-layer smart contract platforms that will host this incoming wave of primary issuance. Ethereum, Solana, and BNB Chain sit directly in the flow of capital as builders prepare to bring fundraising back to American shores.
Under the framework, startups can leverage a streamlined five million dollar route or a seventy-five million dollar annual pathway with ongoing reporting. Crucially, the proposal introduces a safe harbor that allows tokens to transition out of securities status once decentralization milestones are met. Grayscale has already backed its thesis with real money, ramping up its BNB allocation to thirty percent of its Smart Contract Fund.
As capital migrates back to public ledgers, transaction activity and liquidity pools on these core networks are set to surge as issuance builds. The market is taking notice, with major smart contract tokens holding strong momentum following the SEC announcement.