I think regulatory moves from governments are more than expected with the growing interest on ICOs and cryptocurrencies. As some people may consider those as measures to block these initiatives, considering the increase of scams I think this kind of thing can make people more aware of the risks involved and also more cautious before investing. That said, I'm taking a closer look on application tokens that have a utility other than mere especulative growth, such as AppCoins or OmiseGO, to name a few. I believe that this a solid way to go.