BE and other digital hedge funds like it can help build a robust finance based on the successful VC business model
That was ICOs claim to fame.
ICOs offered accredited investor opportunities to low income bracket demographics.
The SEC stepped in and said sorry. You must earn $100,000 per year minimum to qualify for minimum ICO investor status. To prevent the poor from being "taken advantage of" and "robbed".
I have a feeling fundamental principles of this scenario will play out in other attempts at crypto VC.