Cathie Wood proposes to weaken the power of the SEC and FTC, and Elon Musk praises it

Bitget App

Trade smarter

Bitget

News

Cointime2024/11/11 03:44

By:Cointime

Cathie Wood, founder of Ark Invest, posted on X stating that the US should relax regulations and weaken the influence of institutions such as the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC). Reduce government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. This may be more effective in promoting the US economy than during the "Reagan Revolution." Elon Musk retweeted the post and said the proposals were "great."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14