Cathie Wood, CEO of ARK Invest, has shared her insights on the potential impact of a Trump administration on Bitcoin (CRYPTO: BTC) and decentralized finance (DeFi). Wood believes that the administration could bring much-needed “regulatory clarity” to the fintech sector, particularly if Gary Gensler steps down from his position.
What Happened: During a webinar prerecorded on Nov. 15 and published on Friday, Wood discussed how the Trump administration might influence the digital asset revolution, led by Bitcoin.
“If Gary Gensler leaves, that is going to open us up to regulatory clarity and probably, given the Trump administration’s pronouncements over the last few month, give much more focus on digital asset revolution, broadly led by Bitcoin, which they may put in the Treasury’s strategic reserve,” she said.
Wood suggested the possibility of adding Bitcoin to the U.S. Treasury’s strategic reserve, given the current circulation of over 19 million Bitcoin …
Full story available on Benzinga.com