Hundreds of startups are reportedly being secretly targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.
Yahoo Finance and Decrypt claims that Hundreds of startups that did token sales are finding out theyre in violation of securities law including many that were sure they did it the right way.
https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/In a way or other it is a good step too. With SEC taking interest in ICOs and cryptocurrencies, people will become more confident over the time.