I strongly agree and support if the ICO supervisory institution is formed, I am very confident that within a few years governments around the world will begin to discuss this matter, ICO is very useful if used correctly, even can help a country.
You have a good point there but remember that it is not easy to regulate activities in the cryptosphere. People have the financial freedom to do whatever they want to do with their projects. Maybe in the near future, we may see some cool regulations