COIN - Cathie Wood: US Crypto Industry Suffers From 'Brain Drain' Praises Hong Kong's Regulatory Approach (CORRECTED) | Benzinga
Editor’s note: This story has been updated to correct a misspelling of Cathie Wood’s name.
ARK Invest CEO Cathie Wood on Monday praised cryptourrency regulation in Hong Kong.
What Happened: Wood lauded the Securities and Futures Commission (SFC) of Hong Kong for its clear guidelines and comprehensive management structures that facilitate crypto trading under institutional oversight.
Wood hailed Hong Kong as a pioneering force in crypto policy, citing the region’s enthusiastic support for technological innovation and entrepreneurship.
“Hong Kong regulatory agencies such as the SFC have done a very good job,” Wood said, in her address at Hong Kong's Web3 carnival
She commended the city-state for its integration of investment strategies and government collaboration, serving as an exemplary model for institutional support in the digital assets industry.
This regulatory ...