3 Altcoins Grayscale Says Could Win From New US Token Rules

Grayscale Research says three altcoins could be the biggest winners from new US token rules. The asset manager points to Ethereum (ETH), Solana (SOL), and BNB Chain.

The Securities and Exchange Commission (SEC) proposed Regulation Crypto Assets, or Reg Crypto, on Tuesday. The plan would let startups sell newly issued tokens to US investors after years without a clear path.

Why Grayscale Sees ETH, SOL, and BNB as Winners

Grayscale published its case hours after the SEC released the proposal. Its logic is simple. Legal token sales would pull founders and investors onchain. The networks hosting those sales would capture the activity and the value.

The demand already has a track record. More than 1,500 projects raised a combined $12.9 billion through initial coin offerings (ICOs). That figure comes from research by the National Bureau of Economic Research (NBER). The wave peaked in 2017-18. However, later fundraising models moved offshore and shut out US investors.

"The SEC just proposed new crypto regulation. Since the ICO boom of 2017, token-based fundraising in the US has lacked regulations. "Reg Crypto" would change that," Grayscale wrote.

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