Seriously though, this is a tempest in a teapot.
The ICO's will finally be regulated the same as IPO's are to remove the Ponzi and/or pump-n-dump players/scammers. Aslo need to point out that ICO's are NOT Bitcoin instruments. They are AFAIK 100% an aberration of the altcoin world.
Exchanges will have to act like any other bank or securities trading exchange eg follow AML/KYC rules and keep sufficient cash reserves on hand for customer accounts.
I see this as only Good things for the crypto coin world.