‘Defanging the SEC’ may turbocharge US economy: Cathie Wood
“We have more clarity now in terms of the investment landscape after the election,” the ARK Invest CEO said.
ARK Invest founder and CEO Cathie Wood expects that a “changing of the guard” at the United States Securities and Exchange Commission may turbocharge the economy and bring about an influx of innovation and investment in emerging technologies.
“Deregulation, defanging the SEC, FTC, and others, government spending cuts, tax cuts, and a focus on technologically enabled innovation are likely to turbocharge the US economy,” she said, in sharing a video posted by ARK Invest on X on Nov. 11.
In the video, Wood said, “Perhaps the most profound thing that will happen in the near term is a changing of the guard at some of the regulatory agencies, the SEC and the FTC [Federal Trade Commission].”
