crypto ICO's are GREY area and will remain so for much longer time, and when that time comes (years),
There will not be a witchhunt like you imply, cause this is a worldwide phenomenon and as long as these companies will use the funds to pay devs and developments,
And those coins/token will be used on the platforms for various actions, There aint nothing wrong with it, for now.
And if there will be, it will be taxing not prosecuting, imho.
Why dont you say DASH will be prosecuted for instamine, and bitcoin as well for that matter?
Btw, you should study the history of how the government first allows the public to run amok, then it steps in with regulation and makes examples of the egregious cases. Remember the government has a monopoly on crime and they do enforce that monopoly.
I do say DASH will also perhaps be prosecuted.
I also added to my prior post.