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.
even so this is also bad, the SEC indirectly supports the new project to continue even though the potential for existing scams will decrease and also the decentralization view from crypto will also change, this is something that should not be changed