“It would not matter what you hand over to a platform, for those who hand over gold, for those who hand over bitcoin, otherwise you hand over any one in every of 1,000 plus various cash, frankly, for those who hand over chinchillas. That the platform is taking these funds of worth, and doing one thing with it – they could be working a hedge fund, they could be lending it out, they could be working different funding schemes – however that platform is underneath the securities legal guidelines ebook due to how they’ve taken that cash from you,” Gensler stated.