You people do realize the SEC case is based on the premise there is no such thing as utility tokens. Every US ICO was an unregistered security and everything the company did afterwards will be scrutinized under the strictest possible standards of a publicly traded company.
That should scare the shit out of everyone who owns any tokens from a US ICO or which openly allowed US residents to buy.
I agree with you...It will be a looong legal battle and Reggie can pray that SEC will in a meantime do legal framework to recognise utility token as valid mean of inner platform exchange vehicle.