Since I participated in the bounty, I have always hoped that the ICO project will be supervised because I know that the ICO scam wastes most of the hunter's time, and the scam also makes investors afraid of crypto.
This should be the main concern of regulating ICOs. Too many fake projects, and greedy people that affect much the reputation of cryptomarket. Good ICOs are also affected by the fake one, so we really need a strong regulations to have a better technology in the future. Though the risk is always there when it comes to investing but this must be address before it ruin the trust of many investors.