Cathie Wood: I look forward to an era of relaxed regulation of cryptocurrencies and digital assets after Trump takes office

Cathie Wood, founder and CEO of Ark Investment Management LLC, said she welcomes the era of deregulation that has followed the Trump presidency, especially when it comes to technology, cryptocurrencies and digital assets. “The U.S. has almost lost its footing in crypto,” Wood said, citing “too much regulation” and concerns about the industry from outgoing U.S. SEC Chairman Gary Gensler. Crypto and artificial intelligence are among the technology platforms that the U.S. must “grab and ride” to “lead the way, just like we did with the internet,” Wood said on Sunday’s show. “A change in the regulatory regime, with crypto and AI as a primary focus, would make a lot of sense.” She also mentioned robotics, energy storage and multi-omics sequencing. Asked about Trump’s threats to impose tariffs on U.S. trading partners, Wood said it “does make some sense” if they can be offset by tax cuts. She said the stock market is beginning to expect more dispersed gains under Trump’s second administration, “where we’ve seen a lot of money concentrated in a few stocks over the last four years, I think the market will now expand and reward companies that are at the forefront of innovation,” which will help small and medium-sized businesses. (Bloomberg)