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 <p>It's Airfox and Paragon that got in the cross-hairs. I'm not impressed wit any of them.Both of the projects have lost a great deal of value form their high. EOS ICO made sure that they explicitly mention that the ERC-20 promise nothing of value. So EOS is less of a worry.</p><p>&nbsp;</p><blockquote><p>The U.S. securities regulator contended that neither startup registered their ICOs as securities offerings, and neither qualified for registration exemptions. In addition to registering their tokens as securities, both companies will refund investors, file periodic reports to the SEC and pay $250,000 apiece in penalties.</p></blockquote><blockquote><p>“It’s really hard to say or predict what the SEC is going to do, but from what I understand from their strategy, they’re going after the slam dunks, the low hanging fruit, the cases where it’s clear that there’s going to be a profit made with the token,” Carter told CoinDesk.</p></blockquote><p>Carter went one step further, advising ICOs to move away from their tokens immediately:</p><blockquote><p>“My advice to all ICOs would be to get ahead of the game and close up shop, delist the token, get everyone their money back and pursue a normal business model that doesn’t require a token.”</p></blockquote><p>I'm going to say that these are just a bunch of idiots.Why should everyone hide their tails and refund their ICO money. Nobody should take these Luddites seriously.Some ICOs were stupid enough to choose one of the most draconian tax hungry places on Earth instead of a place like Singapore, Switzerland or at least Japan.</p><p>&nbsp;</p><p>There is nothing to be feared. Even if all else fails, Komodo offers Decentralized ICOs that cannot be shut down by any nation without taking down the internet.</p>  

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