I think this is great and should be the focus of the SEC in protecting investors from fraud. However, they are also confusing potential participants by talking about regulation of ICOs and fraud in the same discussions. Sone may view the discussions in being related to each other. Investor protection is not a bad thing but generalizing a concept is.
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Agree 100%. They need to make it very clear what is ok and what isn't. Some of these projects are trying to toe the line but they aren't even sure what the line is...