This is why most Crypto Companies are basing themselves where the law is holding their hand in places like Zug and Singapore. The US is mostly likely one of the worst. Recently we have seen more and more ICOs excluding US IP addresses. Of course that is very easy work around with VPN. Most regulation only helps the rich get richer. Excludes the little man. They scream protection but the facts are clear. Most extreme regulation just kills jobs and wealth.