Why on all fucking earth would you go with BTER!? Since they are so well regarded in the NXT community... 
They have practiced similar scenarios before and they are Chinese; less inclined to legal limits Polo is experiencing right now.
I can believe that a Chinese company has fewer legal limits than an American Company. LOL
by 2040, well, it is still not certain, so let us remain optimistic!
The registration of securities has been a requirement in the US since 1933 and I really don't see it as a bad thing. Is a government protecting their citizens such a bad thing? Sure, they can go overboard, but I don't think this item does. All registration does is ensure the investors have adequate verifiable information about what they are investing in. This is probably no more than most investors would want anyway.
http://www.sec.gov/answers/regis33.htm
Also, private offerings are perfectly legal as long as the investors are qualified and most states allow a certain number of unqualified investors for a private placement.
I'm surprised also that Polo trades JHL which can probably be considered a security as well. Although I think JHL could be considered a crypto asset, or coin just as easily as a security. There is a very fine line.