I agree, that many ICOs would have a problem with SEC institution in the future because most of them could be clasified as securities, that would mean sanctions that can endanger the entire project and that is why investors are still afraid of investing into ICOs.
but with regulations that tighten the existence of ICOs, it can also select good and bad projects. and investors should not have to worry about projects that have passed existing regulations. there are advantages as well as disadvantages, it all depends on how we see this year's regulations will apply or not.