Cathie Wood: The statement of the U.S. SEC Chairman has discredited cryptocurrencies

Ark Invest CEO Cathie Wood expressed surprise in an interview with Bloomberg, regarding the statement by Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), after the agency approved more than a dozen Bitcoin spot ETFs. He disparaged the entire cryptocurrency field. I can hardly believe it, this is to be expected in disruptive innovation. This is essentially old genes attacking new ones, too many people are curious about Bitcoin. The approval of Bitcoin spot ETFs has opened a new chapter for Bitcoin, and I believe we will rank among the top three or two providers through this Bitcoin ETF. Cathie Wood added that considering the "fear and trepidation" of the SEC, institutions will need to "study" new frameworks more diligently.