You could argue that there was no new information in the DAO guidance, too, but it did sharpen the public perception of the SEC's position. I think this warning

You could argue that there was no new information in the DAO guidance, too, but it did sharpen the public perception of the SEC's position. I think this warning is doing the same. Also, ICOs and exchanges are different beasts, both subject to SEC jurisdiction. This is about regulation of and enforcement against exchanges, not ICOs.