Ark Invest CEO Criticizes Regulators for Denying Access to Crypto

• Cathie Wood criticized the crypto regulators for denying US citizens access to crypto.
• The Ark Invest CEO shared her objection against Fed’s skyrocketing interest hikes.
• Wood added that many crypto assets face no central point of failure.

Cathie Wood, the CEO and CIO of the investment management firm Ark Invest criticized the crypto regulators for depriving US citizens the access to crypto, adding that the regulators have been making mistakes with the policy, threatening the crypto aspirants’ “well-being.”

Notably, in a recent tweet, the Ark Invest CEO shared her objections against the Federal Reserve’s skyrocketing interest rates and the administration’s suggestion to the investors in the regional bank to be prepared for a “wiped out.”

Ironically, as crypto assets soared during the Silicon Valley Bank meltdown, this administration suggested that investors in regional banks – equity and bond holders – should prepare to be “wiped out” in the aftermath of an unprecedented 20-fold increase in the Fed funds rate.

— Cathie Wood (@CathieDWood) March 23, 2023

In a series of tweets, Wood exclaimed the crucial condition that the financial se…

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