I really don&#x27;t think we need to concede the equivalence between restricting equity crowdfunding and outlawing gambling. Gambling is legal because, as marketed, it&#x27;s an entertainment product. Equity crowdfunding is restricted because it&#x27;s an investment product.<p>Similarly, GNC can sell all sorts of useless nutritional supplements, but the FDA is all up in the business of anyone trying to sell a new medication.<p>Reminder: you can take money from non-accredited investors; it&#x27;s just so complicated that it&#x27;s not practical to do so at scale and with strangers.