With all the ICOs going around today, I honestly understand why the SEC wanted to step in to regulate it.
Back in the day, Mos tICO had legitimate uses and applications such as Ethereum but these days are long gone.
A prime example of this is EOS.
As noted on their ICO agreement:
"The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features.."
This statement alone reinforces the fact that most ICOs are simply fund gathering machines meant to inscrease their pockets.
This is not to discredit those that are legit, i am simply stating the over saturation in the market.
Have you been looking into ICOs? With the recent Floyd Mayweather Plug, Does this not prove my point?
What do you think on EOS?
Happy Hodling!