According to Odaily Planet Daily, Ark Investment Management LLC founder and CEO Cathie Wood stated that she welcomes the era of regulatory relaxation after Trump assumed the presidency, especially regarding technology, cryptocurrency, and digital assets.
Wood pointed out that the U.S. has almost lost its foothold in the cryptocurrency field due to excessive regulation and concerns from SEC Chairman Gary Gensler about the industry. She believes that crypto and artificial intelligence are the technology platforms that the U.S. must seize.
Wood also mentioned robotics, energy storage, and multi-omics sequencing. She believes that the Trump administration could offset tariffs through tax cuts, leading to a more diversified stock market that will benefit innovative companies.
