IMHO.......ok, I get this, but.....it all comes down to the fact that no one want's to take responsibility for their actions. I was the compliance officer of a brokerage firm for years. When clients were making money, all was good with the world, and they were brilliant. But when the markets went against them? Look out. It was their brokers fault for not "warning them". And stock trades were all unsolicited. Why do we need the SEC to "oversee" these ICO's? Buyer beware. For those that aren't educated enough to manage their own finances and investments, and understand the risks involved, then, too bad. Of course, there are those bad people that target and hard sell, but for the most part, I don't think that's how people end up investing, at least in Cryptos and ICO's. I may be misinformed on the ICO's however. Not sure how those investors are acquired. As a side note, I worked in the financial industry that was overseen by the SEC and Finra for many,many years. Believe me, they don't necessarily make it all better.