I read that too. ICOs as they are currently structured are of serious concern to regulators. They are good for the insiders but extremely risky for the average investors, with no consumer protections. ICO is great as an alternative funding tool when done side by side with legitimate crowdfunding. However it is much more difficult and expensive. None the less, that is what I support and believe will lead to. Meanwhile, those who can or dare continue to exploit ICOs to rake in a boat-load of quick monies. I agree with you "Watch out!"
Good points multibit, there is a legal framework for crowdfunding regardless of the platform used to raise funds. The SEC has already sent out a clear warning and DOJ is actively pursuing cases of clear fraud. Very well put "Watch out!". DNotes is taking a very different path to raise funds and create a model for others to follow and participate in, doing it the right way and following all the guidelines. It all ties into our model for NextGen VC.