The SEC and CFTC release new rules releasing three compliant fundraising models that do not require token sales

According to market news, the SEC and the CFTC jointly issued Interpretive Release 33-11412, which defines most decentralized network-native tokens as digital goods, and clarifies that pledges, LSD, wrapped tokens and compliant airdrops do not constitute securities issuance. On this basis, the article proposes three fundraising and treasury models that were previously difficult to implement: one is LiquidGenesisStakingPools (LGSP), which is based on pledges such as ETH and SOL and is stimulated by LSD income and agreement tokens; the second is Commodity Pre-Participation Agreements (CPA), which exchange contribution workload and funds for future network participation rights rather than pre-sale tokens; The third is to design the "Separation Principle" as a revenue tool that drives teams to accelerate decentralization through Separation-Accelerated RevenueRights (SARR), which is linked to decentralization milestones and reduces profit distribution. The authors claim that all three models are based on existing contract components and can support long-term agreement coffers and team expenses in simulations.