The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.
Disclaimer: I'm not a US citizen, and I've not read that law
Are you sure with that. If that is true then the rich will become more richer and the poor will become more poorer. That is not good idea. In my own opinion I am happy with this crypto world because a lot of people who does not have job are still earning money because of engaging in this crypto business. A mother at home can easily earned money because of joining bounty campaigns and some other tasks that pay bitcoins.