Crypto and artificial intelligence are among technology platforms the US must “seize and harness”, to “lead the way, much like we did with the internet”, Wood said on CNN’s Inside Politics Sunday. “A change in the regulatory system, with both crypto and AI as prime focuses, is going to be quite meaningful.”
Ark Investment Management’s Cathie Wood said she welcomes an expected era of looser regulation once Donald Trump is inaugurated as president, notably on technology, cryptocurrencies and digital assets.
“The US almost lost our footing in the cryptocurrency world,” the Ark founder and CEO said, citing “too much regulation” and outgoing Securities and Exchange Commission Chairman Gary Gensler’s concerns over the industry.
