Who are you addressing this to? Is this addressed to bathrobehero or to me or to the person I quoted in the OP?

I have not made reference specifically to USA law. I am quoting in the OP about common law as it pertains to contracts. There are many common law countries on earth.

The point I am making is that when class action lawsuits are pressed (in the case of the potential security), that is often when securities regulators are compelled to become involved (at least in the USA and I don't know about other countries but I presume they have some securities regulation also).

Ethereum and the DAO I presume are held by people in many nations on earth, so laws can filed in any of those nations. And I also understand that class action lawsuits from the USA are sometimes endorsed in other countries (but not that I am claiming any class action lawsuit has to originate from the USA):

http://brooklynworks.brooklaw.edu/cgi/viewcontent.cgi?article=1098&context=bjil

http://lsr.nellco.org/cgi/viewcontent.cgi?article=1388&context=nyu_lewp#page=4

I don't know to what extent international securities treaties exclude jurisdiction for example issuance of ETH tokens from Switzerland or Germany to non-accredited USA users. Ditto DAO tokens. Could you enlighten us? I've read that foreign issuers are subject to US Securities Law when issuing to USA persons, but I think there may be some exceptions. Maybe you can shed more light on this for us?

But again, I wasn't focusing solely on the USA jurisdiction.