ICOs don't need to be regulated.  They need to be taken out to the woodshed and shot like a dog.  Failing that, the scammers need to be driven from the ICO space all together, and if that can't be done then at least there need to be projects which actually contribute something...and deliver on their promises.  All of that stuff is what's broken with ICOs right now.

It's an unrealistic hope, but I truly wish people would stop advertising for ICOs that they should reasonably know might be scams (or crap projects).  If that would happen, I'd predict a lot fewer investors would be getting scammed and the scammers themselves would get hit hard in the wallet.  This is going to go on and on until people wise up to the fact that the game is rigged.