In the eyes of governments would the donation phase for XEL be seen as an ICO or something different?
Officials are crazy enough to interpret anything they want in their favor, but I'd not say that the donation is ICO.
but in the end it doesn´t matter at all for elastic
In the long run it won't matter at all, but for now the markets will panic like it always does in these situations. I am hoping to pick up more at a discount so this will probably benefit me, couple months everything will calm down.