The US is losing the bitcoin movement because of regulation, Cathie Wood says
, which recently received approval to operate in Bermuda while the firm is being investigated in the US by the Securities and Exchange Commission.
Wood also said the collapse of FTX as well as regional lenders like Silicon Valley Bank and Signature Bank backed up the case for bitcoin. "The reason it's adopted is, first of all, many people like the idea of a decentralized, transparent, auditable monetary system. It was born out of the 2008/2009 crisis, when people just lost all trust in financial services," she said,"And, very interestingly, it took another two crises within the last year to prove the concept. FTX failed because it was centralized, opaque, and not auditable.
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Cathie Wood Says U.S. Is 'Losing' the Bitcoin Movement; Crypto’s Fentanyl Trade Worth Tens of MillionsListen to this episode from The Hash on Spotify. The most valuable crypto stories for Wednesday, May 24, 2023.This episode is sponsored by Ciphertrace.'The Hash' hosts weigh in on the biggest stories shaping the crypto industry today, including ARK Invest founder Cathie Wood says the U.S. is 'losing' the bitcoin movement due to regulation. This comes as Elon Musk offers a warning about dogecoin. Separately, TRM Labs notes that attacks on token protocols and crypto projects dropped 70% in Q1 2023 compared to the same period last year. And, new research from both Chainalysis and Elliptic have put a number on how much fentanyl trade is done in crypto.See also:U.S. Is 'Losing' the Bitcoin Movement: Cathie WoodCathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs ReportCrypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers-Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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Cathie Wood Says U.S. Is 'Losing' the Bitcoin Movement; Crypto’s Fentanyl Trade Worth Tens of MillionsListen to this episode from The Hash on Spotify. The most valuable crypto stories for Wednesday, May 24, 2023.This episode is sponsored by Ciphertrace.'The Hash' hosts weigh in on the biggest stories shaping the crypto industry today, including ARK Invest founder Cathie Wood says the U.S. is 'losing' the bitcoin movement due to regulation. This comes as Elon Musk offers a warning about dogecoin. Separately, TRM Labs notes that attacks on token protocols and crypto projects dropped 70% in Q1 2023 compared to the same period last year. And, new research from both Chainalysis and Elliptic have put a number on how much fentanyl trade is done in crypto.See also:U.S. Is 'Losing' the Bitcoin Movement: Cathie WoodCathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs ReportCrypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers-Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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