The US isn't the only jurisdiction cracking down on ICOs: European Financial Regulator Warns Investors On ICO Risks https://www.coindesk.com/european-financial

The US isn't the only jurisdiction cracking down on ICOs: European Financial Regulator Warns Investors On ICO Risks https://www.coindesk.com/european-financial-regulator-warns-investors-ico-risks/ https://www.coindesk.com/european-financial-regulator-warns-... Germany's Securities Regulator Warns ICOs Pose 'Numerous Risks' https://www.coindesk.com/germanys-securities-regulator-warns-icos-pose-numerous-risks/ https://www.coindesk.com/germanys-securities-regulator-warns... Japanese Financial Watchdog Issues Warning over ICO Risks https://www.coindesk.com/japanese-financial-watchdog-issues-warning-over-ico-risks/ https://www.coindesk.com/japanese-financial-watchdog-issues-... I can't imagine any developed nation won't end up regulating ICOs as securities. That might be a message to which it's worth paying attention.