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SEC and CFTC introduce new regulations, unveiling three compliant fundraising models that do not require token sales

SEC and CFTC introduce new regulations, unveiling three compliant fundraising models that do not require token sales

PANewsPANews2026/03/23 11:31
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PANews reported on March 23 that, according to DeFiprime, the SEC and CFTC jointly issued Interpretive Release 33-11412, designating most native tokens of decentralized networks as digital commodities and clarifying that staking, LSD, wrapped tokens, and compliant airdrops do not constitute securities issuance. Based on this, the article introduces three previously difficult-to-implement fundraising and treasury models: first, Liquid Genesis Staking Pools (LGSP), which are based on staking ETH, SOL, etc., and use dual incentives from LSD returns and protocol tokens; second, Commodity Pre-Participation Agreements (CPA), where contributors exchange their work and funds for future network participation rights, rather than presale tokens; third, Separation-Accelerated Revenue Rights (SARR), which, by tying to decentralized milestones and decreasing revenue shares over time, use the "separation principle" design as an income tool to drive teams to accelerate decentralization. The author notes that all three models are based on existing contract components and can, in simulations, support long-term protocol treasury and team expenses.

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