The NY Times reported that the SEC ruling on ICOs hasn't slowed offerings at all. At this point, hundreds of projects have raised more than $1 Billion dollars. The SEC will continue to review these offerings and it isn't clear how they will rule on them but at this point, the momentum is absolutely extraordinary in light of the lack of clarity around the SEC policy.
Links:
https://www.nytimes.com/2017/08/07/business/dealbook/initial-coin-offerings-sec-virtual-currency.html?_r=0
https://www.nytimes.com/2017/06/23/business/dealbook/coin-digital-currency.html
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