Internet revolution

On March 16, Cathie Wood, founder of Ark Invest, said on Twitter that the Federal Deposit Insurance Corporation and other institutions would prevent the United States from participating in the most important stage of the Internet revolution, and regulators were using cryptocurrency as a scapegoat for their own regulatory mistakes in the traditional banking industry. Cathie Wood: If cryptocurrency becomes the scapegoat for US policy mistakes, it will be transferred overseas Analysis based on this information:Cathie Wood, founder of Ark Invest, recently took to Twitter to express her concerns regarding the United States’ ability to participate in the most important stage of the Internet revolution. According to Wood, regulatory bodies like the Federal Deposit Insurance Corporation (FDIC) are hindering the country’s progress by using cryptocurrency as a scapegoat for their own regulatory mistakes in the traditional banking industry. The Internet revolution has been long in the making, with various advancements such as artificial intelligence, the Internet of Things, and 5G…