I'll never understand why people care about legality in US so much. Just "don't sell to US" persons, like so many are doing. We all know they're buying anyway. Cryptocurrency is also about not caring about the current flawed system.
The penalties just aren't worth it, and the extreme ways that ICOs have tried to avoid the regulations aren't sustainable... or legally justified. Just look at Tezos' collapse last week after they tried the Swiss non-profit scam.
We're working in the global financial markets for the long run, with customers that are heavily regulated. We would never have done the token sale if our lawyers hadn't signed off on its legality.
