The problem is a political one. The SEC is no different than the IRS. It is someones pitbull unleased from a centralized cabal type of command. Disruptive tech threatens every aspect of the status quo. I expect the SEC to slowly put the hammer down and I believe they will try this with the most r/evolutionary of the ICO's that are yet to come. This first one it seems was an easy/primer target. Testing the waters...
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