Clarity Act Nears Senate Vote as Grayscale Names ETH, SOL Winners

The CLARITY Act advanced toward a full Senate vote after clearing the Banking Committee 15-9 on May 14, with the White House targeting passage by July 4. Grayscale’s May 22 report positioned Ethereum, Solana, BNB Chain and Canton Network to capture the first institutional inflows once the bill becomes law, citing their leadership in tokenization, stablecoins and DeFi TVL. Earlier coverage highlighted Ethereum’s compliance with the five-point decentralization test and ~897,300 validators, while noting Q1 institutional ETH sales and muted DeFi activity. The legislation would shift ETH oversight to the CFTC and codify digital-commodity status for major tokens.