No they will not. Most other countries are likely to follow the same course of action or at least put some form of regulation on ICOs. Most ICOs are garbage altcoins to begin with so there isn't anything to take advantage of.
Exactly. The same is unfortunately true for crowdfunding in general, not just ICOs.
While I love the idea of innovation through grass roots movement, the sad truth is that most of those "innovators" wouldn't pass even early VC rounds for a reason. So in the end ICOs do little for meaningful projects that would get funding or at least community support anyways and do a lot for scammy ventures that purely feed on greed without offering anything in return.