The more the SEC cracks down on unregistered securities posing as ICOs ,the more the atmosphere in crypto will change .IMO , ICOs will not die but they will definitely have to take a new form and STOs will play a big role. I believe this is a gods thing for the industry.
SEC doesn't help us. It solves the problem of clear scammers. But people can spot them by themselves.
What sec really does is building walls for startups. In IPO it was a big problem to collect money by securities issue. And small startups with great ideas were not allowed to get money from investors. ICO made this barriers disappear.
And the main task of SEC is to block such startups so the market will enter only those projects that have money on this procedure, but they are already big companies, almost always.
SEC will not help you to gain money, it is time to understand itbut at least the SEC can help to filter out illegal projects even though in the end they can not guarantee the profit for investors but we still have hope and can continue to wait until the project really grows and generate huge profits for investors