Wow, what a week. With the new SEC ruling, this really does seem like the end of the ICO as we know it. At the same time, opens the floodgate for regulated tokens and more serious players. I just hope the entire ICO concept does not die off, but evolves, it really is an elegant social crowdfunding solution.
The only problem I have with securities is that traditionally they are out of the reach of regular people, which is a damn shame. One of the promises of tokenizing assets would be to lower the barrier of entry so much, while increasing accountability and transparency so much - surely there is a way to democratize this investment vehicle.