SEC completely fails to acknowledge that their regulatory burden is way too heavy for small blockchain startups. If you want to be fully complaint with SEC to

SEC completely fails to acknowledge that their regulatory burden is way too heavy for small blockchain startups. If you want to be fully complaint with SEC to issue your tokens as a security you have to spend shitload of money on laywers and wait for approval for months if not years. In fast-paced world of blockchain, it's equal to suicide. Another thing is deeply discriminatory concept of accredited investor. They said that it's to protect investors. In reality it means that most lucrative deals will be out of reach for not wealthy individuals. And I hate whole concept that the big brother prevents me for taking risks because they think I'm too stupid for thinking for myself. And constantly referring to ICO scams is not excuse at all. They don't want to shutdown scammy ICO, then want to shutdown all ICOs including ones with exceptionally brilliant ideas. SEC is not friendly at all and they don't want to adapt. If they were friendly and willing to provide lightweight regulatory framework for ICO and cryptocurrencies, they would be very welcomed by many in blockchain world.