Cathie Wood Says Gensler ‘Denigrated’ Crypto With His Statement

Ark Investment Management LLC’s Cathie Wood said she was taken aback by Securities and Exchange Commission Chair Gary Gensler’s statement shortly after the agency approved around a dozen exchange-traded funds that will directly hold Bitcoin.

“He just denigrated the whole crypto space. I couldn’t believe it,” Wood said in a Bloomberg Radio interview aired on X. “This is par for the course in disruptive innovation.”