SEC regulations are failing the average american in a big way. When it is impossible to own stock in basically any of the high growth tech companies, every person with retirement funds/401k in index funds or markets is missing out, and all the gains are going to a handful of investment banks. I'm not sure whether this represents an intentional move by banking lobbyists, but following the money I'm sure it is.

The ICO market may be bubbly and ridiculous, but at least it will make founders consider an alternative to traditional VC which may give more money for less equity.