Cathie Wood Criticizes Bank Regulators and Receives Elon Musk's Approval.
TL;DR Summary
Cathie Wood, CEO of ARK Investment Management, criticized regulators for focusing on blocking decentralized financial platforms instead of addressing the opaque failure points of the traditional banking system. She cited the recent crisis in the US banking system and praised cryptocurrencies for their resilience during the panic. Tesla CEO Elon Musk agreed with Wood's take on the crisis and drew similarities between the current year and 1929 when the Great Depression started.
- Cathie Wood Gets Elon Musk's Nod After Slamming Regulators - USData (OTC:USDC) Benzinga
- Ark's Wood Says Banking Crisis Was 'Looming in Plain Sight' Bloomberg
- Cathie Wood blasts US bank regulators over SVB failure Proactive Investors USA
- Cathie Wood’s ARKK Lures Biggest Inflow Since 2021 Glory Days Yahoo Finance
- Cathie Wood complains that regulators unfairly targeted crypto while missing the crisis ‘looming’ in traditional banking Fortune
- View Full Coverage on Google News
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