Cathie Wood, CEO of ARK Invest, believes that a leadership change within the U.S. Securities and Exchange Commission (SEC) could stimulate the economy and bring new innovation and investment into advanced technologies.
Deregulation and Investment Opportunities
“Deregulation, limiting the activities of the SEC, the Federal Trade Commission (FTC), and other agencies, reducing government spending and taxes, and supporting technology-driven innovations will likely revitalize the U.S. economy,” Wood said in a video shared by ARK Invest on X on November 11.
Clearer Investment Environment Post-Election
“We now have a clearer view of the investment environment after the elections,” Wood said in the video, noting, “Perhaps the most significant change will be the new approach by some regulatory agencies like the SEC and FTC.”
She added that the SEC has so far been “a threat to digital assets,” and that due to SEC Chair Gary Gensler, many talents have moved abroad.
“This approach will soon change,” she said, noting that newly elected President Donald Trump has a very positive stance on Bitcoin and, according to her, will likely support cryptocurrencies and DeFi as well.
Plans for Bitcoin and Innovative Technologies
“Bitcoin is largely part of the new administration's plans, including considerations to establish a strategic Bitcoin reserve, which we’re very excited about,” Wood stated. She expects an “explosion in productivity growth” across innovative areas like robotics, energy storage, artificial intelligence, and blockchain technology, predicting that these technologies will drive significant GDP growth.
Three Key Areas of Growth
Wood anticipates that three areas—autonomous mobility, healthcare, and digital assets—will thrive in this new investment environment. “The 1980s and 1990s were the ‘golden age’ of stock investing, and I believe we are returning to that now,” she said, pointing to Trump’s plans for tax cuts and lower interest rates, which she sees as beneficial for economic growth.
Optimism About Improved Regulatory Environment
On November 10, a16z echoed similar optimism, expressing confidence that the regulatory environment in the U.S. will soon improve. “We are very optimistic that the government will now support innovation, accelerate progress, and allow the crypto ecosystem to thrive in the U.S.,” stated a16z Crypto’s legal experts and policy advisors Miles Jennings, Michele Korver, and Brian Quintenz.
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