Like the SEC chairman said on his interview about a year ago, all ICO coins ARE securities and needs to be regulated as such.
Go down the list in coinmarketcap and mark em
ETH, XRP ,... all such are, no rocket Science.
What the SEC chairman said at the time was, "I believe every ICO
I’ve seen is a security." It wasn't a blanket statement about the ICO mechanism itself, though he was certainly implying that
most ICO tokens are securities.
The SEC
clarified last year that ETH is
not a security:
William Hinman, director of the division of corporation finance at the SEC, explained at the summit: “Based on my understanding of the present state of ether, the Ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.”