What if we could set up such an exchange were no laws and regulations existed?
What do you think of this idea?
I suspect the companies would need to be real corporations or LLCs in real jurisdictions (i.e., not Wirtland) -- just none that happen to have securities laws that prohibit sales to the [online] public. There probably is one or two of these countries that exist.
The thing is though that this is a righteous fight. The laws to protect little old ladies from using their pensions to invest in "ocean front" swampland in Florida are no longer necessary.
Had it been possible that you or I, as a venture operating out of the U.S., could have IPO'd on GLBSE without that action likely being illegal to do then think of how many legitimate investment opportunities would have appeared. Sure there would still be some risk chasers still putting coins in scams, but within two minutes of time on the forum, or IRC, a person can know roughly what type of warning flags exist.
The Crowdfunding ammendment in the U.S. still won't allow trading of shares purchased for one year after buying them. The genie is aleady out of the bottle though. Kickstarter is not an equity platform but gave people a taste of what they want -- the ability to buy and trade equity in startups. So if they can't get that from the U.S., they'll buy bitcoins and send them to wherever this service (equity crowdfunding) is offered.
[Edit: And, of course, it would be beneficial if that capital were to remain within the country. Thus there will be a push to relax the regulation (to allow secondary markets, to allow foreign ownership of U.S. crowdfunded equity, etc.) or to apply tiers where micro-companies, under some threshold of equity valuation, can be formed with more leeway than firms above that threshold.]
