From this article at ZeroHedge: http://www.zerohedge.com/news/2017-07-25/sec-cracks-down-initial-coin-offerings-concludes-tokens-are-subject-securities-laws
They say: "This new thing is so much like this old thing, that we need to regulate it exactly like the old thing."
What this individual hears, is: "If we're regulating Y like we do X, then we feel X is the same as Y."
And anyway, most "government 'laws'" only apply to those who have taken an oath to work for government. I haven't. Fuck you and what you and yours decided for me. I and mine have decided something else for you!