The attitude expressed in the article, of assuming one group of adults has a right to create laws restricting what is offered in the marketplace to other groups of adults, to protect the latter from their own naivety and bad judgement, is incredibly paternalistic. It exudes a superiority complex and disdain for the personal autonomy of presumed lesser men and women.

>ICOs, like any other securities offering, come with risks.

There has been no statement from the SEC that all token sales qualify as securities offerings.