I attended https://www.meetup.com/SFLegalHackers/events/240629913/ https://www.meetup.com/SFLegalHackers/events/240629913/ and sat in on a conversation where a

I attended https://www.meetup.com/SFLegalHackers/events/240629913/ https://www.meetup.com/SFLegalHackers/events/240629913/ and sat in on a conversation where a lawyer was talking about issues like this. She specializes with working to help ICOs comply with existing regulations. From what I heard, SEC is not the only agency involved, and each ICO is different. Interesting stuff.