ARK Invest CEO Cathie Wood believes that Donald Trump's return to the White House could have a positive impact on the cryptocurrency landscape. Wood points to recent appointments and market developments as early signals of a crypto-friendly administration. She highlights Trump's pre-inauguration involvement with meme coins as an indicator of his commitment to cryptocurrency. Wood also praises the appointment of Paul Atkins as SEC commissioner, describing him as "pro-crypto," and anticipates digital asset regulation or deregulation under his leadership. Wood suggests that Trump-themed meme coins serve to introduce cryptocurrency to new audiences, similar to the ICO movement in 2017. She emphasizes ARK's focus on Bitcoin, Ethereum, and Solana, rather than meme coins, and expresses optimism about Trump's economic agenda. Wood believes that the mix of political support, regulatory clarity, and market changes under the Trump administration could accelerate cryptocurrency adoption.



Other News from Today