.ARKInvest's CathieDWood signals alarm over the U.S. losing ground in the bitcoin movement due to regulatory hurdles. She draws attention to the recent financial crises, stating that these instances highlight the risks of centralized financial systems.
Cathie Wood, founder of investment manager ARK Invest, has said the U.S. is 'losing' the bitcoin movement owing to its regulatory system.
Speaking at Fortune's Most Powerful Next Gen conference last week, Wood described how the center of gravity of cryptocurrency is moving away from the U.S, using the example of crypto exchange Coinbase In the crypto world, ARK Invest is best known for its"It would be nice if the U.S. were leading this movement, but we're losing it, and we're losing it because of our regulatory system," Wood said.
Frustration over the regulatory picture for crypto in the U.S. is largely directed at the Securities and Exchange Commission over its insistence that the industry
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