On thurs 13 Dec 2 bills are are to be introduced to US Congress with the aims of providing regulatory basis for Cryptos.
The SEC was formed in order to protect investors in IPO's back in the 1930's. Very old legislation that is akin to "horse & buggy" laws, which the SEC have been randomly applying to ICO's.
Hopefully this new legislation will give ICO's and the crypto world a better and more secure basis for cryptos to develop.
Time will tell
https://cryptopotato.com/us-congress-discussion-to-introduce-two-crypto-bills-on-thursday/