Most professional teams aren’t phased by he release because most who have been in the space for a while were always aware of such things as the Howey test which is used to ascertain if a financial instrument is a security of not (for an introduction to the Howey Test, please see this article by Findlaw What Is the Howey Test? - FindLaw. Most professional teams are calling themselves Token Sales and not ICOs to get away from any hints of being a secuity. The SEC and other global registries have limited budgets. Our view is that they HAVE to go after the really bad actors - those that have a blatant scam in place. Equally, more likely than not they will go after those that have raised substantial funds - there is a honey pot for them to get their teeth into. Those that have done the right thing generally will probably fall beneath the radar (although no guarantees of course) . The challenge is that most regulators have 7 years to come after you … and in different countries. In theory, the SEC could extradite someone from overseas of they have done something bad (like defrauding) to a US citizen… they have draconian powers.