SEC and CFTC Release New Regulations, Unveiling Three Compliant Fundraising Models Without Token Sales

MarsBitNews · 2026-03-23T11:55:37+00:00

The SEC and CFTC jointly issued new regulations defining most decentralized tokens as digital commodities and excluding staking and other activities from securities classification. Building on this foundation, three innovative fundraising and treasury models are proposed to support long-term protocol management and development.

MarsBitNews

2026-03-23 11:55:37

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According to Mars Finance, market sources report that the SEC and CFTC jointly issued Interpretive Release 33-11412, which classifies most native tokens of decentralized networks as digital commodities and clarifies that staking, LSD, wrapped tokens, and compliant airdrops do not constitute securities offerings. Based on this, the article proposes three previously difficult-to-implement fundraising and treasury models: First, the Liquid Genesis Staking Pools (LGSP), which are based on staking ETH, SOL, and other tokens, with dual incentives from LSD yields and protocol tokens; second, Commodity Pre-Participation Agreements (CPA), which involve contributing work and funds in exchange for future network participation rights rather than pre-sale tokens; third, Separation-Accelerated Revenue Rights (SARR), which link to decentralized milestones with decreasing profit sharing, designing the “separation principle” as a tool to drive teams to accelerate decentralization of revenue. The author states that all three models are based on existing contract components and can support long-term protocol treasuries and team expenses in simulations.

ETH4.48%

SOL5.33%

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