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Cathie Wood: US Crypto Industry Suffers From ‘Brain Drain,’ Praises Hong Kong’s Regulatory Approach (CORRECTED)

Editor’s note: This story has been updated to correct a misspelling of Cathie Wood’s name. ARK Invest CEO Cathie Wood on Monday praised cryptourrency regulation in Hong Kong. What Happened: Wood lauded the Securities and Futures Commission (SFC) of Hong Kong for its clear guidelines and comprehensive management structures that facilitate crypto trading under institutional oversight. Wood hailed Hong Kong as a pioneering force in crypto policy, citing the region’s enthusiastic support for technological innovation and entrepreneurship. “Hong Kong regulatory agencies such as the SFC have done a v…