ICO / ITO / STO will be more regulated. There are several countries who already started to recognize initial coin/token offering as another way to start a business, such as Malaysia etc. I think this is good to protect the investor, and more or less regulate the crypto market. Tbh I only hope the requirements to start or join an ICO won't limit retails investors to participate. As long as regular people like us who don't make 1 million a year can invest and participate in ICO I think that's good enough.