Grayscale Research suggests the CLARITY Act is the most consequential piece of crypto legislation working its way through Congress, and it's closer to the finish line than most people realize.For much of the past decade, US digital asset regulation has been shaped through enforcement rather than formal rulemaking. The result: tens of billions in fines, fragmented oversight, and a generation of institutions watching from the sidelines while waiting for clear rules.CLARITY would change the operati ...

Grayscale Investments

As Bitcoin finds its way into more client portfolios, advisors are navigating an expanding menu of investment vehicles, and not all of them are what they appear.The latest to gain traction: variable rate preferred shares issued by Bitcoin Digital Asset Treasuries (DATs) like Strategy (formerly MicroStrategy). Their "STRC" product yields ~11.5% and has raised nearly $6 billion. Strive's comparable instrument yields 12.5%. More issuers are likely on the way.Before recommending these to income-seek ...

Grayscale Investments

The White House is weighing in on stablecoins, and the implications for U.S. policy are significant.A new economic analysis from the Council of Economic Advisers, The White House finds that restricting stablecoin yield would have minimal impact on bank lending (just ~0.02%), while imposing meaningful costs on consumers, estimated at ~$800 million annually.This comes as the central issue, whether certain third parties can offer yield-like rewards on stablecoins, is under active consideration in t ...

Grayscale Investments