CandleFocus

Cathie Wood, John Deaton Anticipate Policy Shifts Driving Crypto Industry Growth

Cathie Wood, founder of Ark Invest, predicts gains in the US economy and crypto market with Donald Trump's return to the White House. She believes that new regulatory leadership at agencies like the SEC and FTC could drive technological growth and innovation in the US. Wood suggests that deregulation, tax reductions, and a focus on technology-driven innovation could accelerate economic progress and benefit the crypto market. She also mentions the potential for enhanced support for digital assets, such as Bitcoin, under a Trump presidency. Other market leaders and advocates share Wood's optimism for the future of blockchain and decentralized finance. However, pro-XRP lawyer John Deaton criticizes Senator Elizabeth Warren and SEC Chairman Gary Gensler for what he perceives as unfair regulatory actions that hinder innovation in the crypto sector. Despite this, Deaton remains hopeful for the industry's future following recent political developments.

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