Can someone break down what it means to the average investor if the SEC declares all ICOS and most altcoins securities? Will it only affect US citizens? What does it mean for the coins I bought in ICO and have sitting in my wallet?
If they declare it as securities then it would only matter if company that hosts an ICO is from USA and if you are in the USA. Other thing that might and could happen is that some other countries start to look what they want to do with ICOs and how to regulate them and thus they might put them in same category as what USA did with ICOs. I suppose coins that you bought will be seen as some sort of securities as well then.