Crypto Doesn’t Need More Guidance, SEC Chair Gensler Says

“It doesn’t matter what you hand over to a platform, if you hand over gold, if you hand over bitcoin, or you hand over any one of 1,000 plus alternative coins, frankly, if you hand over chinchillas. That the platform is taking those funds of value, and doing something with it – they might be operating a hedge fund, they might be lending it out, they might be operating other investment schemes – but that platform is under the securities laws book because of how they’ve taken that money from you,” Gensler said.