Quote from: DanetonBit on September 09, 2017, 12:22:06 PM

can somebody tell me why the US bans its citizens from ICO. I have done some research but can fathom it!

It is not my understanding that the SEC has banned US citizens from investing in ICOs rather the SEC has warned issuers against selling unregistered securities. Many issuers having taken heed and apply the Howey test to determine whether or not the coin offering is a sale of a security. The SEC has also cautioned investors about ICOs in general. See the link below.

https://investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings

Full disclosure, I am an attorney practicing securities arbitration. The foregoing is not intended to be legal advice and no attorney-client relationship is implied.