Cathie Wood: Cryptocurrencies Become the Scapegoat for Regulatory Failures

ChainCatcher news, ARK Invest founder Cathie Wood stated on Twitter that cryptocurrencies did not cause the bankruptcy of SVB and Signature Bank; the "culprit" is the Federal Reserve's policy, which led to a loss of deposits in the U.S. banking system due to a shortage of venture capital and higher yields in money market funds. Cathie Wood believes that regulators are using cryptocurrencies as a scapegoat for their failures in regulating traditional banking. (source link)