Hello community,

Thank you for your support and feedback on our original [discussion on the forum ](https://forum.polkadot.network/t/polkadot-purple-paper-token-morphism-guidelines/2023)for conducting legal research around DOT token morphism. 🙏
We are now presenting this proposal after absorbing feedback.

### Context
In earlier phases of Web3 - namely 2017 and 2018 - there was extensive debate about the legal nature of tokens and the process for getting those tokens acknowledged by regulatory bodies such as the SEC. Amidst the frenzy of the latest bull run, those debates have somewhat subsided. In a post-FTX market, with even more scrutinous regulatory eyes fixed upon crypto, those debates and the need for best practices for undergoing regulatory recognition have reemerged as even more critical pieces of knowledge for web3 builders. In this environment, Polkadot’s efforts and ultimate success in the regulatory arena warrant study and dissemination to the wider web3 community. It is in this spirit that we submit our grant request to the treasury

We have already had informal discussions with the individuals most involved in the DOT related regulatory process, who all expressed initial interest in contributing to the initiative. Given this, we feel confident in our ability to fully develop our research themes.

The professionals we spoke with who manifested in general terms willingness to support the initiative are:

[Joshua Ashley Klayman](https://www.linkedin.com/in/joshua-ashley-klayman/)

[Angela Dalton](https://www.linkedin.com/in/angela-dalton/)

[Chrissy Hill](https://www.linkedin.com/in/chrissy-hill-aa76828/)

[Daniel Schoenberger](https://www.linkedin.com/in/daniel-schoenberger-9107836/)

We aim to produce a Research paper regarding the SEC DOT regulatory process, outcomes and recommendations for Dotsama and the wider Web3 ecosystem. [See full proposal here.](https://docs.google.com/document/d/1oIJ22m_Q07lB832x8gIMwHVjzfUEIkgAK_NsqrhsTiI/edit?usp=share_link)

 Summary:

1. There has been extensive debate around the legal nature of tokens and the process for getting those tokens acknowledged by regulatory bodies such as the SEC.
2. Polkadot’s efforts and successes in the regulatory arena warrant study and dissemination to the wider web3 community.
3. A grant request has been submitted to the treasury.
4. Informal discussions with individuals involved in the DOT related regulatory process have taken place.
5. A research paper is to be produced for the SEC DOT regulatory process, outcomes and recommendations for Dotsama and the wider Web3 ecosystem.

#235 Polkadot Purple Paper / Token Morphism Guidelines

No Active Proposals