I think it would be more fruitful for Americans and other traders, issuers and people planning to run exchanges with americans, to put energy into courting the SEC,
What, again with this?
So, we've all had our fun scoffing at regulators, but now that we've got that out of our system (and our portfolio's are down 60%) are we ready to make a regulated US exchange?
No. If you want regulated US stuff check out the dollar, it might be more up your alley.
This would have the perks of inviting more liquidity from larger market participants, as well as more stability and predictability.
Playing around with other experiments such as decentralized exchanges and colored coins just invites unpredictable illiquidity and instability.
The Securities and Exchange Commissions offers plenty of regulatory exemptions for the kinds/sizes of companies that have so far "IPO'd" in bitcoin land, the exchanges might have a more uphill battle but its time to cross the bridge
Like many people posting about this stuff lately, you seem a bit confused as to what the problem is, and what solutions exist.
Have a read.
bitcoin stock exchanges and bitcoin securities issuers are all running afoul of SEC regulations and the law. They don't attempt to comply because of perceived expense of legal counsel and the expense of regulator compliance
Certainly play pretend exchanges don't (gasp) have the funds or the wherewithal to approach this thing. That doesn't mean the actual problem is about money, which the actual exchange certainly has, along with
the wherewithal to address the true problem.