Ark’s Cathie Wood condemns SEC Chair, says Gensler ‘denigrated’ crypto
Ark Investment Management CEO Cathie Wood says Gary Gensler ‘ denigrated the whole crypto space’ with his latest statement. Speaking in an interview with Bloomberg on Jan. 11, Ark Investment Management founder and CEO Cathie Wood criticized the head of the U.S. Securities and Exchange Commission (SEC), saying the latest statement about crypto currencies “ denigrated ” the whole industry. “He just denigrated the whole crypto space. I couldn’t believe it. This is par for the course in disruptive innovation.” Cathie Wood Wood’s comments were prompted by Gensler’s continued skepticism towards cryptocurrencies, even after granting approval for spot Bitcoin exchange-traded funds (ETFs). Gensler, who has been consistently critical of cryptocurrencies since taking charge at the helm of the U.S. financial regulator, reiterated in his latest statement that the SEC “did not approve or endorse Bitcoin.” You might also ...