Exactly. I used to work in the securities regulation world and you'll be surprised at how long some investigations take - I've been involved with cases that wen

Exactly. I used to work in the securities regulation world and you'll be surprised at how long some investigations take - I've been involved with cases that went on for TEN years. The SEC will take the position that the vast majority of ICOs were unregistered offering of securities. Just because they don't act today, doesn't mean they're not actively investigating. And they will go after the ICO offerers.