I hope you won't imply again that your backwater country is relevant to what the major axis powers of the world could do the exchange price of an altcoin project if they ruled it was in violation of common sense investment securities regulation and investor protections.
My "backwater country" is a part of Russia-Kazakhstan-Belarus union. As long as ICOs are allowed in Russia, I don't care about SEC opinion on the matter. Also, in civilized countries the laws are not retrospective (which means that existing projects will be unaffected).
EDIT: If one day you change your mind and start an ICO, do it via a Russian company. It will be able to serve even customers from the USA.