Cathie Wood proposes weakening SEC, FTC powers

According to BlockBeats news, on November 11, Cathie Wood, founder of Ark Fund, said on the social media platform “X” that the United States should relax regulations and weaken the authority of the U.S. Securities and Exchange Commission (SEC), the U.S. Federal Trade Commission (FTC) and other institutions. Influence. Cut government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. Doing so may give the U.S. economy a stronger boost than it did during the Reagan Revolution. Musk forwarded Sister Mu’s statement and called these proposals “great”.

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