US Was Losing Crypto Leadership Before Trump Win: Cathie Wood

Ark Invest founder Cathie Wood, known for her stock-picking skills, has indicated she believes the US almost lost its crypto edge before Donald Trump’s reelection.

According to her, overregulation remains the country’s biggest obstacle. “We drove a lot of talent away from the United States. We think that’s going to change with a focus on crypto and AI,” she told CNN’s Inside Politics Sunday.

She noted five major platforms shaping the world today: crypto, digital assets, robotics, energy storage, and multiomic sequencing.

“Those are all technology platforms that the US must seize and harness really, and lead the way, much like we did in the Internet. We were about to lose that given our regulatory system. And I think a change in the regulatory system with both crypto and AI as prime focuses, is going to be quite meaningful.”

Trump’s Plan to Expand CFTC Authority Sparks Hopes for Crypto-Friendly Reforms

Her perspective is based on Trump’s past economic policies and his recent support for cryptocurrencies, which position him as a digital asset advocate – especially for US-based crypto. Wood also noted that a leadership change at the SEC would foster a friendlier climate for digital assets, boost mainstream adoption and drive sector growth.

However, under Trump, the SEC’s role might be diminished. His administration plans to expand the CFTC’s role by giving it authority over the digital asset market while cutting back the SEC’s influence. This move aims to reverse regulations implemented during President Biden’s term, especially under outgoing SEC Chairman Gary Gensler.

Further, his transition team is reportedly considering appointing former CFTC Chair Chris Giancarlo as the administration’s “crypto czar.” The role is expected to focus on shaping US crypto policy and fostering a regulatory framework that supports blockchain and digital asset growth.

Cathie Wood Among Several Prominent Digital Asset Advocates That Backed Trump

In June, Cathie Wood revealed she would vote for Trump. She referenced economist Arthur Laffer’s claim that Trump’s 2017–2020 economic performance was the strongest in US history, excluding the COVID-19 impact.

Wood, a leading crypto advocate, has both personal and professional interests in Bitcoin and digital assets. She views Bitcoin as a key hedge against inflation, especially in countries with unstable currencies.