Crypto, rebooted. The Coalition’s favorite proving ground is the world that invented “community” tokens and then watched community turn into a liquidity pool. The filing points to SporkDAO, the co‑op behind the ETHDenver conference, which pays member dividends tied to participation rather than exit. In a Reg‑Membership world, DAO‑co‑ops could issue non‑tradable NFT memberships, collect fees, buy stakes in exchanges or layer‑2s, and remit patronage refunds in stablecoins keyed to each user’s activity—say, trading fees on an exchange they partially own. No yield‑farming theatre; no casino chips; just usage‑based cashback with a ballot attached (BCC, 2025).
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