What I'm seeing is the classic regulation vs. non debate. What's missing is recognition of the historical precedent of regulating what people can/cannot do wit

What I'm seeing is the classic regulation vs. non debate. What's missing is recognition of the historical precedent of regulating what people can/cannot do with their money in the USA and China's proposed plans to follow suit. Before the JOBS Act, for 70+ years the American Securities and Exchange Commission was very specific about what non-accredited investors could do with their money. [0] While China does not have an "accredited investor" status, its version of the SEC put forth a proposal in 2014 that would create accredited investor regulations almost exactly in line with the American SEC's regulations. [1] Intent may be worth looking at here. China sites terrorist financing and money laundering as problems with ICO's. I don't know the veracity of that concern, but I do know that citing terrorism, child pornography, prostitution/human trafficking, etc. are nearly impossible to argue against and thus can be used as a means to pass regulations/legislation that is rife for abuse (see the USA Patriot Act). On the other hand, China banned exchanges allowing people to buy bitcoin in Yuan back in 2013, but today support for buying bitcoin has returned (from the article). It seems both China and America (via the SEC) are trying to figure out what to do with ICOs. Regulation seems inevitable, but each country has thus far taken a different tact. Does any of this make regulating/banning ICOs right or wrong? I don't know, but that seems like a different debate. [0] https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967d69c024485029d968ee737&r=SECTION&n=17y3.0.1.1.12.0.46.176 https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967... [1] https://www.crowdfundinsider.com/2015/10/75384-crowdfunding-in-china-potentials-challenges-risks-and-solutions/ https://www.crowdfundinsider.com/2015/10/75384-crowdfunding-... (See "Challenges: Policy and Regulatory Challenges) section)