.ARKInvest's CathieDWood signals alarm over the U.S. losing ground in the bitcoin movement due to regulatory hurdles. She draws attention to the recent financial crises, stating that these instances highlight the risks of centralized financial systems.
Cathie Wood, founder of investment manager ARK Invest, has said the U.S. is 'losing' the bitcoin movement owing to its regulatory system.
Speaking at Fortune's Most Powerful Next Gen conference last week, Wood described how the center of gravity of cryptocurrency is moving away from the U.S, using the example of crypto exchange Coinbase In the crypto world, ARK Invest is best known for its"It would be nice if the U.S. were leading this movement, but we're losing it, and we're losing it because of our regulatory system," Wood said.
Frustration over the regulatory picture for crypto in the U.S. is largely directed at the Securities and Exchange Commission over its insistence that the industry
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathie Wood explains why Nvidia stock exploded and what the ‘real’ AI play isArk Invest CEO Cathie Wood says her firm is eyeing the software side of A.I., claiming companies with visionary leaders and global distribution will be the 'biggest beneficiaries.'
Read more »
Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows – Mining Bitcoin NewsAlready, Bitcoin's difficulty projections reveal a potential increase on May 31 that could range from 1.1% to 2.51%.
Read more »
Economist Peter Schiff Surprises Critics, Dives Into Bitcoin-Backed NFT Market – Bitcoin NewsSchiff and Price's unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology.
Read more »
Evan Rachel Wood Gives Up Custody of Her Son After Alleged Threats from Marilyn MansonSources close to Manson, of course, have since called the alleged threats 'unproven claims.'
Read more »
‘Simply losing it’: Bitter fight brews over federal judge’s forced retirement effortCORRECTION: Francis Shen, then an associate professor at the University of Minnesota Law School, conducted research on the age of federal judges. Incorrect information appeared in an earlier version of this story. A growing dispute over efforts to force the retirement of a 95-year-old federal judge is giving the public a rare glimpse into how…
Read more »