According to https://t.me/oneminute_crypto_news and https://twitter.com/EricBai_89, in a public interview by Chinese official web media, People's Web, a famous scholar Dong Yang released that Chinese SEC is conducting the legal research to legalize the ICO and the ICO will become a legit tool of crowdfunding soon.
This news will be a fresh breeze from chinese for crypto, if this news can spread widely and maybe hopefully become a reality later, it is certain this will bring very good impact to crypto market. 