The more the SEC cracks down on unregistered securities posing as ICOs ,the more the atmosphere in crypto will change .IMO , ICOs will not die but they will definitely have to take a new form and STOs will play a big role. I believe this is a gods thing for the industry.
ICO/STO form of crowdfunding is totally different from any other model. It brings so many new features and opportunities, so if we can prevent scam attempts it could become a very powerful and major way to make a new startup in future.