Earnings from using ones Pledged collateral to leverage others

Hello friends,

This is just out of my own thinking. Appreciate if you could give your thoughts.

As SEBI is regulating not to use one’s pledged collateral for another.
Is there any chance that zerodha or any other broker can recommend SEBI or implement in their own power to have consent of an individual whether their collateral can be allowed to give leverage to others or not and for this, that individual can get interest based earnings or any other kind.

It is similar to Stock lending & borrow mechanism or like few cryptos allowing their holding to get pledged to make around 5-20% interest per annum.

Wish it could happen under proper regulator framework. But i have lost my trust and belief on SEBI as investor friendly.