The "Land of the Free" already banned all ICO's. They were illegal to begin with, because many wont ever past the Howey Test, just people are too legally uninformed to know about it.

How does the government ban something already illegal? All they can do is enforce the laws that are already established. Enforcement is what we have not seen in the USA... why? Bureaucracy. It takes them time to figure this out. When they begin enforcing the laws, projects like TenX will be enforced as illegal in the US. They are already illegal and have been illegal.

This is one of the main reasons, many ICO's do not allow US investors. They know, that it would be illegal for them to sell public securities to US citizens according to SEC regs. Plus other states already have laws such as New York, making ICO's doubly illegal.