Cathie Wood proposes that curbing the SEC’s influence may help stimulate the U.S. economy.
“We have more clarity now in terms of the investment landscape after the election,” the ARK Invest CEO said.
Cathie Wood of ARK Invest notes that the changing leadership at the U.S. Securities and Exchange Commission may act as a powerful driver for economic growth and innovation, attracting new investments in advanced technologies.
“Deregulation, defanging the SEC, FTC, and others, government spending cuts, tax cuts, and a focus on technologically enabled innovation are likely to turbocharge the US economy,” she said, in sharing a video posted by ARK Invest on X on Nov. 11.
“We have more clarity now in terms of the investment landscape after the election,”
In the video, Wood said, “Perhaps the most profound thing that will happen in the near term is a changing of the guard at some of the regulatory agencies, the SEC and the FTC [Federal Trade Commission].”
She views the SEC as a “menace” to the digital assets industry, and she believes Chair Gary Gensler’s actions have pushed a considerable amount of talent to seek opportunities outside the U.S.
“We know that is going to change,” she said, adding that President-elect Donald Trump has come out “very positively predisposed certainly to Bitcoin, but we think everything, crypto, DeFi, and that’s going to be very exciting.”
“Bitcoin is very much a part of this administration’s plans, including building a strategic reserve, and we’re very excited about that.”
She predicts that the convergence of revolutionary technologies will trigger “explosive productivity growth” within major innovation areas like robotics, energy storage, AI, and blockchain technology.
Wood states that this changing environment will catalyze innovation, with the biggest opportunities emerging in autonomous mobility, healthcare, and digital assets.
She refers to the 1980s and 1990s as “the golden age” of active equity investing, suggesting that Trump’s proposed tax cuts and lower interest rates will usher in a similar period, driving economic growth.
On November 10, the venture capital giant a16z aligned with the view that the U.S. regulatory environment will improve.
“We’re very optimistic that the government will now foster innovation, accelerate progress, and enable the crypto ecosystem to thrive in the US,” said a16z Crypto legal and policy experts Miles Jennings, Michele Korver, and Brian Quintenz.
