Utility tokens are fine. They are just a waste of time in most cases, since they introduce a complex mechanic that is only needed for the purpose of monetizing the platform growth (therefore everything needs to be a "platform" where there are these security-like things moving around).
I think a lot of the scare about securities is going to go away and a market will evolve with proper jurisdictions that are friendly to this.
Keep in mind that most so-called utility tokens today fail the Howey test and 10 get issued every minute. Yet no one will list a self-proclaimed security token. The big difference, I think, is that the perception of wrongdoing is very different, even if the wrongdoing itself is very similar.
