If the ICO is not a security since 51% of its issued tokens are owned by its members who can vote and receive dividends, then there is no reason to fear SEC laws even by US citizens.
If the ICO is not a security since 51% of its issued tokens are owned by its members who can vote and receive dividends, then there is no reason to fear SEC laws even by US citizens.
RE: How To Invest in ICOs From the United States