The world exists outside of the US. There isn't one set of global "regulators". Lots of smaller countries want to grow their own financial markets and take a share of the US's pie, and being friendly to crypto is one way to achieve that.
I can't think of very many countries that don't have regulatory channels for selling stocks to their citizens. Generally wouldn't want to launch something that breaks local regulations if you serve nationals of those countries. Puts directors at risk if they visit those countries.