There was that SEC report a while back that sounded like it was gonna end the wild west era of ICOs, and though I don't keep up with ICO news I haven't heard of any big new launches in a while.
My impression is that it has accelerated if anything. Random teams are raising 5-10m$ daily, and people who missed out on the first wave a few months ago are now gearing up to be a part of the second wave.
Not all of them will raise successfully, but the percentage is way higher than you would expect. Not to mention some of the longer ongoing sales, such as EOS, with 200m+$ raises. Either way, it's still quite insane out there.
I think in this case it's more that they already have various governments breathing down their necks, so a show of regulation is just the thing - and trying to blame the terrible assets they're trading, rather than being blamed themselves for putting them up for trading.
A good overview of the amount of these things is here: https://www.icoalert.com/
Not all of them will raise successfully, but the percentage is way higher than you would expect. Not to mention some of the longer ongoing sales, such as EOS, with 200m+$ raises. Either way, it's still quite insane out there.