Cathie Wood proposes to weaken the power of SEC and FTC, Elon Musk expresses appreciation

Ark Invest founder Cathie Wood posted on X, stating that the United States should relax regulations and weaken the influence of agencies such as the Securities and Exchange Commission (SEC) and Federal Trade Commission (FTC). She suggested cutting government spending to make room for the private sector, implementing tax cuts, and focusing on technological innovation. Doing so could potentially drive the US economy more powerfully than during the "Reagan Revolution". Elon Musk retweeted this post, calling these proposals "Great".