Gosh, I hope not. I mean, regulating ICOs is one thing. It has its downs like price dumps but ups like safe market. Banning all ICOs without giving them a chance is too strict. I mean, I am not a fan of icos but I admit some projects are actually nice. People have their right to take full responsibility and invest money in what they feel is a good project.
I have a question related to such bans: after the coin is released via ico, does it become legit? Or ico ban means that even after the ico is finished and the coin's on the market it's still illegal to use it?