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