Mark Cuban Gets An Assurance Out Of Chuck Schumer: Will Pass ‘Sensible And Long-Lasting’ Crypto Law By Year-End In a massive endorsement for cryptocurrencies from the Democratic faction, Senate Majority Leader Chuck Schumer (D) emphasized the importance of “sensible and long-lasting” regulation for the industry. Don’t Miss: What Happened: During a virtual town hall interaction
Several ETFs at Wood’s firm, ARK Invest, bought a variety of tech stocks after they fell alongside a broader market drop. ARK Invest, which has $6.7 billion in assets under management, is an influential firm whose funds have fallen on hard times. Reports earlier this year showed investors pulled a total of $2.2 billion from
Cathie Wood, CEO of investment management firm ARK Invest, thinks the digital wallet industry is set to consolidate. Amid a decline in traditional banking services, whoever monopolizes the wallet market stands to wield significant power in the financial sector, she says. In conversation with Coinbase CEO Brian Armstrong at the company’s State of Crypto Summit
“I’ve watched Nvidia all my career actually since it’s gone public. It’s a very cyclical stock,” Ark Invest’s Cathie Wood said of Jensen Huang’s chip company.Hugo Amaral/SOPA Images/LightRocket via Getty Images; Sam Yeh/AFP via Getty Images Cathie Wood’s decision to sell more than 1 million shares of Nvidia came as the stock rocketed to astronomical