The cake is eaten first by the guys with big guns. Then, ICO will likely go public, where public buys enough so that the big guys can dump and get what they invested + interest. If you want in, you are already late to the party...

They seem to want to do things properly wrt SEC. That would mean only advertising to accredited investors.

Thanks to securities laws, the rich get richer, and the poor have to wait for the scraps.

Ideally the SEC's mandate would be limited to going after P&D groups and other scams, and no longer include enforcing restrictions on selling securities to unaccredited investors as a non-public company.

If the poorest households are allowed to spend 9% of their income on lottery tickets, I don't see the justification for preventing unaccredited investors from investing in whatever they want.

All it does is eliminate the long-tail of small companies and nonprofessional investors from participating directly in a key sector of the economy.

That's interesting for sure as it is not even on biggest tracker https://www.trackico.io

Most likely next month or soon after