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 good thing for the industry
I think it is great that SEC is doing it actually. It helps to better the reputations of ICO-s. And if we can get those scam ICO-s etc out of the way, or at least decrease the number of them, then it's a win for crypto!
I think that ICO is not a bad thing to make money out of it but one need to have the best ICO project to invest in. For that, you need to have wide research and only then you would be able to recognize nice projects.