What are the implications of the new SEC regulations for cryptocurrencies? Is it true that new ICOs will have to shell out half a million dollars to get their token registered as a security and it will be 12 months after an ICO before trading in it is allowed?
That makes ICOs pointless. The whole point was that normal people could benefit from huge gains similar to those of VCs. The SEC just turned ICOs into IPOs. No more level playing field, you only get to get rich if you're already rich.