Sure, you can use the exchange with the legit securities. It neither needs nor wants governmental interference. This alternative "option" you speak of that can "save you money" will never achieve said goal in the sense that so long as something is a play exchange that hosts play securities, you're no longer in the realm of finance, but of playing pretend. You can represent some pittance you managed to snatch for yourself before some poor guy got left holding the hot potato as "having saved money", but again, this is playing pretend. Taking it seriously and involving it in discussions about the actual exchange silly at best and very, very dangerous for your wallet (and I suppose your overall well-being, etc) at the worst.


Stuff doesn't really work this way. Have a look at a real IPO, specifically section 3.2 (a). This, by the way, is (part of) what makes a legitimate security; not some scammer "creating buzz" about it, not some earnest but sadly unproficient guy supposing it looks okay, not a few determined but incapable people "voting it in", and not Nanny Gov saying it's okay.


I tried to select a specific chunk to quote for you, but you'll have to read the whole thing: The reasons why Bitcoin securities can’t be regulated by the SEC.