I get absolutely maddened when I have to deal with this. All it does it make the rich richer and keep the poor poor. Look at the data on ICOs. Nearly ALL of them profit insane amounts after release. The SEC banning people is not to protect them. If they cared they would allow people to invest and get ahead because there is VERY little risk that you will loose money in an ICO if do minimal research. Penny stocks are FAR more dangerous than crypto. They allow anyone to participate in penny stocks? The SEC does not give a F#$% about you losing money. They care about you making money. Hence, why they get involved only when the numbers start to get big --growth numbers not loss numbers.