Cathie Wood: Looking forward to a time of relaxed regulation on Cryptocurrency and digital asset after Trump takes office

Ark Investment Management LLC founder and CEO Cathie Wood said she welcomes the era of relaxed regulation under President Trump, especially in the areas of technology, Crypto Assets, and digital assets. "The U.S. has almost lost its foothold in the Cryptocurrency field," Wood said, citing "over-regulation" and concerns from outgoing SEC Chairman Gary Gensler. Wood said in a Sunday program that encryption and artificial intelligence are among the technology platforms that the U.S. must "seize and harness" to "lead the way, just as we did in the internet field. Changes in the regulatory system, with a focus on encryption and artificial intelligence, will be very meaningful." She also mentioned robotics, energy storage, and multi-omics sequencing. When asked about Trump's threats to impose tariffs on U.S. trading partners, Wood said that if tariffs could be offset by tax cuts, "this does make some sense." She said that under the leadership of Trump's second term, the stock market is beginning to expect more diversified returns, "over the past four years, we have seen a large amount of funds concentrated in a few stocks, I think the market will now expand and reward companies at the forefront of innovation," which will benefit small and medium-sized enterprises. (Bloomberg)