Cathie Wood: "The Era of Complete Deregulation in Technology and Virtual Assets Will Open with Trump's Re-election"
Summary
- Cathie Wood stated that complete deregulation in the virtual assets sector is expected.
- The utilization of AI and virtual assets will become a proactive technology platform for the U.S.
- Regulatory system changes are expected to be a crucial turning point in these two sectors.
Cathie Wood, CEO of ARK Invest, expressed her expectation that a complete deregulation era in the technology and virtual assets (cryptocurrency) sector will open with Donald Trump's re-election. According to Bloomberg on the 2nd (local time), Cathie Wood appeared on CNN's 'Inside Politics' and stated, "With Trump's re-election, a complete deregulation era in the technology and virtual assets sector is expected to open. The U.S. almost lost its lead in the virtual assets sector," criticizing the existing administration and Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), for outdated industry regulations.
She also predicted, "Virtual assets and Artificial Intelligence (AI) are technologies that the U.S. should proactively utilize to lead the era," adding, "If regulatory system changes align with these two sectors, it will be a significant turning point."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
