I think it is the fear of government especially US government, if there is a sense that you steal from US citizen then you are indeed in trouble, no matter where you are they will come for you, and the last thing you want as a project is US government coming for you, there is just one winner in that race
I get that the us is a threat because of their citizens investing etc.
but i just don't like having to send my id into an ico (which could scam quit like we have seen before) they could then use it for whatever purpose they want.
i realize you don't 'have' to invest in ICO's however if you/I wait for the token or exchange to launch we might miss out on a lot of profit or bigger bags of coins.