Some people were misusing the ICOs,just because they were the "in thing"
During the last few months, hundreds of so called ICOs emerged out of nowhere. Most of them didn't have more than a one-page website, with a few paragraph of text and a couple if images. Yet, they expected to receive millions of dollars.
They saw it as an easy way to raise money!
It is good it will be stopped.
This will weed out the wrong companies from the right ones.