Donald Trump

<p>Last week, the pro-crypto Republican presidential candidate Donald Trump won the United States election, paving the way for him to fulfill his many promises that could drive crypto adoption in the country.</p>
<p>Following Trump’s election victory, Ark Invest CEO and founder Cathie Wood <a href="https://x.com/arkinvest/status/1855766736970383831" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">stated</a> in a recent video that there is more clarity in the investment landscape. In the 18-minute video, Wood discussed several events involving the country’s financial system that could play out in the new administration.</p>
<h2 id="a-change-in-guard-at-the-sec">A Change in Guard at the SEC</h2>
<p>Throughout the video, Wood compares Trump’s administration’s aim to tackle the financial landscape with Ronald Reagan’s administration’s similar actions in the 1980s. Reiterating the points in a tweet, she <a href="https://x.com/CathieDWood/status/1855810266664984628" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">wrote</a>:</p>
<blockquote>
 <p>Deregulation (defanging the SEC, FTC, and others), government spending cuts (making room for the private sector), tax cuts, and a focus on technologically enabled innovation are likely to turbocharge the US economy more powerfully than during the Reagan Revolution.</p>
</blockquote>
<p>Under Joe Biden’s tenure, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chair, upheld a stringent approach to crypto adoption. The Ark Invest CEO emphasized that this move has caused the country to lose many talents to other countries. Still, she is optimistic that a change is imminent as Trump intends to <a href="https://cryptopotato.com/justin-sun-proposes-job-opportunity-to-sec-chair-gary-gensler/" data-wpel-link="internal" rel="noopener noreferrer nofollow">replace Gensler</a> with a crypto-oriented chair soon.</p>
<p>Other points Cathie Wood highlighted stressed how the new administration will improve the country’s financial landscape. These cut across subjects like artificial intelligence (AI), tax cuts, healthcare, and other advancements.</p>
<h2 id="how-trump-s-administration-will-affect-bitcoin">How Trump’s Administration Will Affect Bitcoin</h2>
<p>For most of his electoral campaign, Trump positioned himself as a pro-Bitcoin politician. He showed this through <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">many promises</a> involving Bitcoin, one of which was making a BTC stockpile for the country.</p>
<p>Trump’s election win triggered a significant price uptrend for the leading crypto asset, unlocking multiple price peaks in less than a week. Earlier today, the cryptocurrency skyrocketed to over $82,000 to chart a fresh all-time high but has retraced slightly since then.</p>
<p>The post <a href="https://cryptopotato.com/post-election-landscape-ark-invests-cathie-wood-says-theres-more-clarity-for-investments/" rel="noopener noreferrer nofollow">Post-Election Landscape: Ark Invest’s Cathie Wood Says There’s More Clarity for Investments</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Post-Election Landscape: Ark Invest’s Cathie Wood Says There’s More Clarity for Investments

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