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

Grayscale says proposed SEC fundraising rules could benefit ETH, SOL and BNB by increasing token issuance, bringing more U.S. issuers and investors onchain and potentially driving value to the three native assets.

“The SEC has proposed Reg Crypto, a set of rules that would facilitate token-based fundraising,” Pandl stated, summarizing the proposal’s potential implications for public blockchain networks. He added:

“This blockchain use case has been hindered by regulatory ambiguity, but the new guidelines could help unlock and drive value to the underlying networks, such as Ethereum, Solana, and BNB Chain.”

The proposed system concerns newly issued crypto assets used to finance blockchain projects, rather than digital representations of existing public-company shares. These tokens may provide access to networks, applications, or services while also raising capital for their development.

Unlike newly issued fundraising tokens, tokenized equities can use several ownership structures to represent existing public-company shares or related claims on blockchain infrastructure. The structure determines investors’ ownership rights and the applicable disclosure and securities requirements.

Explaining how greater issuance could affect the networks and their native assets, Pandl wrote:

“If the new rules can stimulate more issuance activity, that will bring more US issuers and investors onchain and likely drive value back to the underlying blockchains and their native tokens, including ETH, SOL, and BNB.”

Regulation Crypto Assets remains a proposal and cannot support compliant offerings until the SEC completes its rulemaking process. Its eventual impact will depend on the final eligibility standards, issuer participation, investor demand, and the blockchains selected for new token offerings.