Cathie Wood Welcomes Looser Regulation Heralded by Trump Return
- Ark Invest founder approves of tariffs if offset by tax cuts
- Wood sees broader gains in stock market under new regime
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Ark Investment Management LLC’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 chief executive officer said, citing “too much regulation” and outgoing Securities and Exchange Commission Chairman Gary Gensler’s concerns over the industry.