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.
Having STO to come up to the market will change the way how an ICO have not done and that is security. Hopefully SEC will find ways to prevent those fake ICO which leverage on people's investments.