I might be reading this wrong, but nothing in the article says that the SEC supports ICOs that are not obviously securities. Instead, the more reasonable conclu

I might be reading this wrong, but nothing in the article says that the SEC supports ICOs that are not obviously securities. Instead, the more reasonable conclusion is that the SEC will go after the most flagrant violators first, which isn't the same thing as the first statement. It's not terribly surprising either. Regulatory agencies have limited resources, so they must necessarily focus their efforts on actors that cause the most damage or openly violate the rules. But it would be a stretch to say they show support for all the other ICOs they don't go after.