SEC and CFTC Release New Regulations, Unveiling Three Compliant Fundraising Models Without Token Sales
TechFlame
2026-03-23 11:29
TechFlame2026-03-23 11:29
English
TechFlame News - According to market sources, the SEC and CFTC have jointly issued Interpretive Release 33-11412, classifying most native tokens of decentralized networks as digital commodities and clarifying that staking, LSD, wrapped tokens, and compliant airdrops do not constitute securities offerings. Building on this, the article proposes three previously challenging fundraising and treasury models: first, Liquid Genesis Staking Pools (LGSP), which are based on staking assets like ETH and SOL and incentivized through both LSD yields and protocol tokens; second, Commodity Pre-Participation Agreements (CPA), where contributions of work and capital are exchanged for future network participation rights rather than pre-sold tokens; and third, Separation-Accelerated Revenue Rights (SARR), which tie decreasing profit-sharing to decentralized milestones, turning the "separation principle" into a revenue tool to accelerate team-driven decentralization. The author states that all three models are built on existing contract components and, in simulations, can support long-term protocol treasuries and team expenses.