These are just words and no meat actually. That SEC statement on ICO was more of an advisory rather than an announcement of law enforcement. SEC came up with that stand because of many concerns expressed by the many on ICO. Now, if I am a US citizen and I happen to have bought an ICO maybe all I have to do is never tell anyone about it...just pretend that the transaction never took place in the first place. I don't think that SEC is like a god that can see, hear and touch everything everybody all the time.
Right. They are trying to cover their own butts. Why? Because millions of little whiny idiots have condemned ICO's and pressured the SEC to act like it has something to do with them. If you have ever been on twitter you'll notice a lot of people worried about ICO's causing harm. And yet gambling is legal all over the US in one way or another, smoking tobacco is legal, alcohol is legal... What's their point? That people are not smart enough to choose how they spend their money? We live in the information age, never before has there been a better time to buck the nearly century old laws about securities. When the laws for securities came about the telephone had only just become widely adopted...