The crypto community numbers in the millions, and these enthusiasts are ready to flex their muscle in the upcoming US election. This month, the crypto industry secured several victories that highlighted its outsize impact on U.S. politics and policy in Washington.
According to ARK Invest CEO Cathie Wood, cryptocurrency has become a U.S. election issue, attributing the sudden approval of ether exchange-traded funds (ETFs) to this political shift.
Speaking at Consensus 2024, Wood said, “The read was it was not going to be approved. It was absolutely not going to be approved. If it were to have been approved the regular way, we would have been getting questions from the SEC. No one was getting questions from the SEC beforehand.”
Wood, who also serves as ARK Invest’s chief investment officer, pointed out that sentiment evolved around the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House. The…
Read More
