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.
How are they going to regulate a market in which the developers do not reveal their identities and in which the creators of most coins can create a coin from any country around the world to try to avoid any legislation by the SEC? You are giving them too much credit they are going to be unable to stop what it's happening and it will depend on us to avoid investing in such terrible projects.