Ark Investment Management CEO Cathie Wood has shared optimistic views on the possibility of President-elect Donald Trump’s administration adopting more lenient regulatory policies in areas such as technology, cryptocurrencies and artificial intelligence (AI).
Speaking on CNN's Inside Politics today, Wood said that reducing regulatory barriers could restore the U.S.'s position as a global innovation leader.
“The United States has lost a significant position in the cryptocurrency world,” Wood said, attributing this to excessive regulation during SEC Chairman Gary Gensler’s tenure. He said the Trump administration’s potential regulatory changes could support growth in emerging sectors like crypto and artificial intelligence, allowing the country to regain its dominance in the early internet era. “Regulatory changes to key focus areas like crypto and artificial intelligence will be very important,” Wood said.
Wood emphasized that, in addition to cryptocurrencies and artificial intelligence, other revolutionary technologies such as robotics, energy storage and multiomics sequencing are also critical platforms that the U.S. "must seize and utilize."
Asked about Trump's proposed tariffs on trading partners, Wood said the approach would make "some sense" when balanced with tax cuts.
Wood also commented on the potential impact of Trump’s comeback on the stock market, predicting a shift away from the concentrated returns seen in recent years toward broader growth opportunities. “Over the last four years, there has been a huge concentration in a very small number of stocks,” Wood said. “But the market is now starting to expand and companies that are at the forefront of innovation will be rewarded.” That broader growth could be especially beneficial for small and medium-sized businesses, he said.
