Elon Musk Endorses Cathie Wood’s Vision for Pro-Crypto U.S. Growth
- Elon Musk and Cathie Wood back deregulation and tech innovation as drivers of U.S. economic growth.
- Wood proposes loosening regulations on sectors like crypto and technology to foster innovation.
- The crypto industry hopes for favorable policies under the incoming Trump administration.
In a post on X today, Elon Musk, CEO of Tesla, voiced his support for Cathie Wood, founder of Ark Invest, after she outlined her vision of economic transformation. Wood’s proposal emphasized deregulation, reduced government spending, tax cuts, and a stronger focus on technological innovation.
Wood’s message advocates for private-sector-led growth, which she believes could have an even greater impact than the “Reagan Revolution” of the 1980s.
Wood’s Proposition
Wood’s tweet highlighted the potential for a major regulatory overhaul. She called for the “defanging” of agencies like the SEC and FTC, suggesting that loosening restrictions in sectors such as crypto, technology, and finance could foster innovation. According to Wood, this regulatory shift could accelerate the development of emerging technologies like multiomics, healthcare, and digital assets.
In a vi…
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Elon Musk Endorses Cathie Wood’s Vision for Pro-Crypto U.S. Growth
- Elon Musk and Cathie Wood back deregulation and tech innovation as drivers of U.S. economic growth.
- Wood proposes loosening regulations on sectors like crypto and technology to foster innovation.
- The crypto industry hopes for favorable policies under the incoming Trump administration.
In a post on X today, Elon Musk, CEO of Tesla, voiced his support for Cathie Wood, founder of Ark Invest, after she outlined her vision of economic transformation. Wood’s proposal emphasized deregulation, reduced government spending, tax cuts, and a stronger focus on technological innovation.
Wood’s message advocates for private-sector-led growth, which she believes could have an even greater impact than the “Reagan Revolution” of the 1980s.
Wood’s Proposition
Wood’s tweet highlighted the potential for a major regulatory overhaul. She called for the “defanging” of agencies like the SEC and FTC, suggesting that loosening restrictions in sectors such as crypto, technology, and finance could foster innovation. According to Wood, this regulatory shift could accelerate the development of emerging technologies like multiomics, healthcare, and digital assets.
In a vi…
The post Elon Musk Endorses Cathie Wood’s Vision for Pro-Crypto U.S. Growth appeared first on Coin Edition.
Read More