This is a exaggeration of what the SEC actually said. They said the DAO was selling securities and should fall under securities regulations. They also said any other ICOs that represent themselves like securities would be subject to regulation. I interpreted the ruling to say that crypto currencies don't imply ownership rights in an entity like the DAO did and would not be subject to securities law. ICOs will be examined individually to determine whether they include ownership rights and a share of the issuing entities earnings. Just my reading, you should read it yourself before assuming broad application.