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CEO of ETF issuer Ark Invest Cathie Wood has indicated that Hong Kong’s regulations could serve as a global example.

The President of HashKey Singapore and CEO of HashKey Capital DC and Cathie Wood, CEO of Ark Invest, recently mutually discussed the current situation of the cryptocurrency market.

Talk of the benefits of blockchain technology and the expansion of the use of Web3 in the coming years led to discussions of crypto regulations.

Wood, who said that the regulations implemented in Hong Kong are designed in a way that could be an example to the world, invited the US to follow this path:

Regulatory transparency is vital for the development of industries and technology and also makes technological development safer. From a policy perspective, it can be said that Hong Kong is the “leader.” Although there is a lot of uncertainty in the US, Hong Kong has seen how much wealth can be tokenized and how market demand can be quickly met. This is a very good reference for us.

Wood also called for prompt action on US cryptocurrency regulations, stating that the US is very late in this regard and that it is harming the industry.

In her speech, Wood also reminded about her Bitcoin price prediction, stating that 1.5 million dollars could be attainable by 2033.

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