Regulatory landscape for cryptocurrencies is still uncertain and this moment however the SEC should be able to reach regulatory proceedings that will allow for the level of scrutiny to be taken into blockchain projects and investors while still protecting the identity of the investors using the blockchain's anonymity capabilities.
KYC is important to achieve this but a storage of personal data of millions of people will be a target.
It is unlikely that they will be able to carry out the whole complex of measures that will help to rid the ICO sphere of all its main shortcomings, especially if you have to think how not to touch anonymity