Cathie Wood expects a crypto boom in the USA after the change in SEC leadership❗️

The CEO and founder of investment firm Ark Invest, Cathie Wood, believes that the change in leadership of the U.S. Securities and Exchange Commission (SEC) will positively impact the country's economy, as it will pave the way for investments in new technologies.

In his campaign promises, Donald Trump stated that he would fire the head of the agency, Gary Gensler, immediately after becoming the President of the United States. Among the possible successors of the widely disliked chairman, Hester Peirce, the SEC commissioner who earned the nickname 'Crypto Mom' for her crypto-friendly stance, and Dan Gallagher, the chief legal counsel of Robinhood, are mentioned.

However, according to Cathie Wood, the change in the commission's chair is not the only change that needs to be made. Among Trump's main actions, she mentioned 'deregulation, the elimination of the SEC, FTC, and other agencies, cutting government spending, and reducing taxes'.

Cathie Wood views the SEC as 'a threat to the development of digital assets'. She accused the current chairman of the SEC 'of a talent drain from the U.S.', as many companies are forced to operate outside the country due to strict regulations.$DOGE