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.
Air Token, Paragon been punished for selling to US customers and pretend to be a security, that is for sure kind of fraud and false promises.
More interesting about Mega Watt, who declares bankruptcy today, how many of such we will see more.