Seriously. Crypto people might be some of the most dense idiots. It is not the job of the SEC to provide guidance on how to fill out the forms. Your lawyers can easily do this. There are lots of costs associated with offering financial services, especially lawyer fees.

The real issue is that to legally do it, someone has to put their name on it, and that's not something many want to do for their pump and dump scheme.

Doesn't seem that way to me. all you need to do is to file an S-1. The issue is an entirely different one which is obvious when you look at the case studies in the second post.

>"Paragon Coin Inc. (“Paragon”) was a Delaware company that raised $12 million from their 2017 ICO of “PRG Tokens” as part of a scheme to integrate blockchain technology to the cannabis industry."

The "PRG Token" is just a share in the company. This is a security you should only be able to buy on a registered exchange. The business obviously failed beacuse blockchain in the cannabis industry is utterly useless, the company went broke, and the actual plan off selling their worthless tokens on a random internet platform didn't work out. So the SEC literally just did its job.

It’s trivial to register as a security it’s done countless times a year.

The problem is that securities trading is regulated, and the coin base model of playing multiple roles itself is illegal