Don't be like that....if bitcoin is strong it does not matter if there are other 'tokens'.
Besides, there are other tokens that are similar to bitcoin in the way they are issued with some of them mentioned here from time to time.
Think about it: if they "cancel" everything else, bitcoin would certainly be next in US, probably for decades...just like trading in gold was.
afaik nobody wants to cancel anything there. But if you issue or sell a security, you have to follow the law in this day and age.
And the Howey Test is clear & easy to understand. If you choose to ignore it, accept the consequences.
Don't get me wrong, I enjoyed the wild west times of this market, and even made money. But I'm not too sad that these days come to an end, and that scammers cannot fleece newbs left and right by selling lies and shit.