Cathie Wood: The Trump administration will promote growth and innovation in cryptocurrencies such as blockchain and DeFi

ARK Invest founder Cathie Wood shared a bold prediction for the U.S. economy and cryptocurrency markets, predicting a sharp rise in cryptocurrency markets after Trump's return to the White House. In a recent video, she emphasized that the Trump administration's reorganization of the U.S. SEC could have a transformative effect on innovation in the country. Under Chairman Gary Gensler, the agency has been a barrier to the digital asset sector, forcing key talent to move overseas. Wood claimed that changes in the leadership of the SEC and FTC could usher in an era of technological growth in the United States. In other words, she hinted that regulatory adjustments could benefit the crypto market, the DeFi sector, and other related fields. Wood also said that deregulatory moves could include scaling back the influence of the U.S. SEC and encouraging technological development, which she believes would boost the economy. In addition, tax cuts, government spending cuts, and a focus on technology-driven innovation could work together to "boost" the U.S. economy and create an environment conducive to growth in industries such as energy storage, artificial intelligence, and blockchain. She compared this potential surge to the period of booming stock investing in the 1980s and 1990s. She expects a similar "golden age" of economic productivity if Trump's proposed policies are implemented. Wood believes that this atmosphere is not only good for cryptocurrencies, but will also promote overall economic prosperity. Like most industry figures, Wood is optimistic about Trump's support for digital assets, especially Bitcoin. At the same time, she still believes that the new administration will promote growth and innovation in blockchain, DeFi and other cryptocurrency fields, and predicts that various innovative platforms, including autonomous driving, digital health and advanced manufacturing, will see "explosive growth in productivity." (CoinGape)