Ark Investment Management LLC founder and CEO Cathie Wood said she welcomes the era of regulatory easing following Trump's presidency, especially in the areas of technology, cryptocurrency, and digital assets. 'The U.S. has almost lost its footing in the cryptocurrency space,' Wood stated, citing 'excessive regulation' and the concerns of outgoing U.S. SEC Chairman Gary Gensler regarding the industry. Wood referred to cryptocurrency and artificial intelligence as one of the technology platforms that the U.S. must 'seize and navigate' to 'lead the way, just as we did in the internet space. Changes in the regulatory framework, with a focus on cryptocurrency and artificial intelligence, will be very meaningful.' She also mentioned robotics, energy storage, and multi-omics sequencing. When asked about Trump's threat to impose tariffs on U.S. trading partners, Wood said it 'does make some sense' if tariffs can be offset through tax cuts. She noted that under Trump's second administration, the stock market began to expect profits to be more diversified, 'over the past four years, we've seen a lot of capital concentrated in just a few stocks, and I think the market will now broaden and reward those companies at the forefront of innovation,' which will help small and medium-sized enterprises. (Bloomberg)
