[JumpCrisscross]

> They are actually simpler, I know this from running an OTC for a few years

CFTC saying X is a commodity doesn’t exclude the SEC from also claiming jurisdiction. Lots of FINRA-member firms offer CFTC-regulated trading services. Congress had to write specific laws preventing this from happening to commodities futures; no such exemption has been legislated for ICOs. That said, yes, the CFTC is generally seen as an easier regulator than the SEC.

TL; DR the CFTC and SEC have begun fighting for ICO jurisdiction. Score is kept with rule writing and prosecutions.

Disclaimer: I am not a lawyer. This is not legal nor any kind of advice. Don’t break the law.

[KasianFranks]

You should be able to invest in anyone you want without restrictions but more importantly, without manipulation of Finra, the SEC, CapitalIQ, stock transfer agents. And, the DTCC is what everyone keeps its eyes on.