{"id":23006,"date":"2023-05-24T11:19:05","date_gmt":"2023-05-24T11:19:05","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/24\/us-is-losing-the-bitcoin-movement-says-cathie-wood\/"},"modified":"2023-05-24T11:19:05","modified_gmt":"2023-05-24T11:19:05","slug":"us-is-losing-the-bitcoin-movement-says-cathie-wood","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/24\/us-is-losing-the-bitcoin-movement-says-cathie-wood\/","title":{"rendered":"US is losing the Bitcoin movement, says Cathie Wood"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680277909000-a5ebf339-17cc-4ceb-ab24-f8c2de963373-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680277909000-a5ebf339-17cc-4ceb-ab24-f8c2de963373-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680277909000-a5ebf339-17cc-4ceb-ab24-f8c2de963373-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680277909000-a5ebf339-17cc-4ceb-ab24-f8c2de963373-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/03\/1680277909000-a5ebf339-17cc-4ceb-ab24-f8c2de963373.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<p dir=\"ltr\">Key takeaways<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Cathie Wood has said that she believes the United States is losing the Bitcoin motion because of the regulatory system.\u00a0<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">She said that the collapse of FTX proved the idea of Bitcoin.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Cathie Wood\u2019s Ark Invest is one in all the main buyers of Coinbase.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\">US is being left behind, says Cathie Wood<\/h2>\n<p dir=\"ltr\">Cathie Wood, the founding father of Ark Invest, has said that the United States is behind the Bitcoin motion because of the regulatory system. She talked about this whereas talking at Fortune\u2019s Most Powerful Next Gen convention final week.<\/p>\n<p dir=\"ltr\">According to the Ark Invest founder, the centre of gravity of cryptocurrency is shifting away from the United States. She cited the instance of Coinbase receiving its licence to function in Bermuda whereas additionally increasing its operations in Singapore. She said that;<\/p>\n<p dir=\"ltr\"><em>\u201cIt would be nice if the U.S. were leading this movement, but we\u2019re losing it, and we\u2019re losing it because of our regulatory system.\u201d\u00a0<\/em><\/p>\n<p dir=\"ltr\">The Securities and Exchange Commission (SEC) has been clamping down on cryptocurrency corporations in current months. The regulatory company\u00a0<a href=\"https:\/\/coinjournal.net\/news\/coinbase-receives-wells-notice-from-sec\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>issued a Wells Notice to Coinbase<\/u><\/a>, indicating that it is trying into the actions of the crypto alternate.\u00a0<\/p>\n<p dir=\"ltr\">Ark Invest continues to put money into Coinbase regardless of the regulatory local weather in the United States. The funding administration agency\u00a0<a href=\"https:\/\/coinjournal.net\/news\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>bought $8.6 million<\/u><\/a> value of Coinbase shares final month after the crypto alternate sued the SEC.\u00a0<\/p>\n<h2 dir=\"ltr\">FTX\u2019s collapse proved the idea of Bitcoin<\/h2>\n<p dir=\"ltr\">FTX\u2019s collapse final 12 months was one in all the greatest in the historical past of the cryptocurrency house. The collapse resulted in regulatory businesses like SEC focusing extra of their consideration on the crypto market.\u00a0<\/p>\n<p dir=\"ltr\">The SEC maintains that the current securities legal guidelines cowl the crypto market, and there is no want for a brand new regulatory framework for the business.\u00a0<\/p>\n<p dir=\"ltr\">According to Cathie Wood, the collapse of FTX final 12 months proved the idea of Bitcoin, just like how the banking disaster this 12 months did. She said that the collapses point out the risks of centralisation in the monetary system. She said that; \u00a0<\/p>\n<p dir=\"ltr\"><em>\u201cThe reason it\u2019s adopted is, first of all, many people like the idea of a decentralized, transparent, auditable monetary system. It was born out of the 2008\/2009 crisis when people just lost all trust in financial services. And very interestingly, it took another two crises within the last year to prove the concept. FTX failed because it was centralized, opaque, and not auditable.\u201d<\/em><\/p>\n<p dir=\"ltr\">Bitcoin is up by greater than 50% since the begin of the 12 months and is presently buying and selling above $26k per coin.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/us-is-losing-the-bitcoin-movement-says-cathie-wood\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Key takeaways Cathie Wood has said that she believes the United States is losing the Bitcoin motion because of the regulatory system.\u00a0 She said that the collapse of FTX proved the idea of Bitcoin. Cathie Wood\u2019s Ark Invest is one in all the main buyers of Coinbase. US is being left behind, says Cathie [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,4666,1462,2794,4901],"class_list":["post-23006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-cathie","tag-losing","tag-movement","tag-wood","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=23006"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23006\/revisions"}],"predecessor-version":[{"id":23007,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23006\/revisions\/23007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/23008"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=23006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=23006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=23006"}],"curies":[{"name":"wp","h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