I have participated in 10 crowd funded development efforts so far at Kickstarter and 1 at Indigogo. I am completely comfortable with the risks involved and the rewards I have experienced so far. I want government to stay out of the crowd funding process to prevent the costs always associated with government involvement. If you want to make a difference make your opinion heard to the SEC and your government representatives.
See the full text of the SEC's proposed rule making here:
If you are opposed to this insane over-reach as I am make your opinion known to the SEC through the following methods:
DATES: Comments should be received on or before February 3, 2014.
ADDRESSES: Comments may be submitted by any of the following methods:
Use the Commission’s Internet comment form: http://www.sec.gov/rules/proposed.shtml;
Send an e-mail to firstname.lastname@example.org. Please include File Number S7-09-13 on the
subject line; or
Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the
instructions for submitting comments.
This information is also in the above document.