I saw the cointelegraph article, lol total gaslighting. The ICO was an unregistered security offering.
Discussion
I’m confused. Are you speaking in regards to this? I don’t follow shitcoins or their court cases 
Issuing ICO:s as investment contracts are unregistered securities, but programmatic selling of the token on secondary exchanges to unsuspecting customers isn't.
The way the shitcoiners get around the laws is to be more obtuse when pumping their token in marketing and let someone else dump it for them.