Is it Protection of Investors or Dedication of Centralisation CryptoMoney ?

SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities

The DAO that was suppose to solve the issue of a single investor or group of investors having too much control of The DAO. The DAO is essentially a decentralized venture capital firm, where the investors in The DAO directly vote on which projects to invest in. If you do not like how investors are spending the money, you could split your funds into another DAO to preserve your funds. It turns out.

ICOs and token sales on the world can participate but in USA is deffrente situation;
America's imposition of very strict rules calls for ridicule to fully observe for example

Participate in an Initial Public Offering (IPO):

• Between {$100,000 to $500,000} in household assets
  {IPO; this amount excludes institutional or annuity assets, such as 401(k), 403(b), and annuity contracts}
• Plus 36 trades/year.

The SEC sent out a notice that ICOs are subject to US SEC laws. Basically, if you are in the US or an American citizen you are subject to SEC laws.

Read the details about SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities here

https://www.sec.gov/news/press-release/2017-131

The usa finnancial laws hulpful who invest with big amount that find in the rich poeple or banks but not for the general nation
This is what activates the collective funding and participation in opportunities that allow them to raise their income and become a resource for wealth and help them to respect the SEC regulated IPO.

Thank's to the Decentralisation Cryptocoins, DAO, ICOs we make us free.