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Home»ADOPTION NEWS»Ark Invest CEO Cathie Wood said she plans to vote for Trump for the sake of the U.S. economy.
ADOPTION NEWS

Ark Invest CEO Cathie Wood said she plans to vote for Trump for the sake of the U.S. economy.

By Crypto FlexsJune 24, 20243 Mins Read
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Ark Invest CEO Cathie Wood said she plans to vote for Trump for the sake of the U.S. economy.
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Company • June 23, 2024 10:34 PM EDT

Posted 1 minute ago In ~

Cathie Wood, CEO of Ark Invest, an American investment company, announced that she plans to vote for former US President Donald Trump, the presumptive Republican Party candidate, in this presidential election.

“As I tell my kids, ‘Look, I’m going to vote for who’s going to do best for our economy.’ “I am a voter when it comes to the economy.” wood said over the weekend at a conference in Las Vegas hosted by financial content creator Kevin Paffrath. “And on that basis, Trump.”

In his next remarks, Wood quoted economist Arthur Laffer as saying that the first three years of the Trump administration before the COVID-19 pandemic were “the best in American economic history.” The rapper was an economic advisor to President Trump’s 2016 campaign.

The Ark Invest CEO has long been a cryptocurrency advocate, and Trump recently expressed strong support For the cryptocurrency industry.

Ark Invest presentation In 2015, the ARK Web x.0 ETF became the first ETF to invest in Bitcoin. Afterwards, the company expanded its investment by purchasing stocks of cryptocurrency-related companies such as Coinbase.

Meanwhile, Trump has been accepting cryptocurrency donations since last month and has given speeches advocating cryptocurrencies, non-fungible tokens, and Bitcoin mining. Last week, Gemini founders Cameron and Tyler Winklevoss donation $2 million worth of Bitcoin given to Trump campaign

Earlier this month, The Block reported: President Joe Biden’s Campaign We were also in discussions with cryptocurrency industry insiders about accepting cryptocurrency donations through Coinbase Commerce.

broadcast US presidential debate The match between Biden and Trump is scheduled to be broadcast live on June 27.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

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