SEC reveal their true colours
Claiming ICOs should come under Securities Law and the DAO and individuals related to it has violated Securities law. Claiming they want to protect Investors interests...and that ICOs proliferation is a Ponzi. scheme...
Yet they stand back and let bankers steal money from tax payers, allow VCs to run a huge Ponzi scheme and let companies that sell financial products rip off customers with products that are not fit for purpose, have terms nobody understands...
What they close to misunderstand is entrepreneurs and investors are looking for cheap source of capital, without the expensive middlemen, and beyond tampering of central banks, bankers and government!
SO the USA is now a 'NO GO' area for ICOs and crypto entrepreneurs! What next to regulate any person or company using Bitcoin...?