Written By Cathie Wood, the CEO of Ark Invest, has recently commented on the legal troubles faced by Binance and Coinbase. In an interview with CNBC, Wood stated that the recent lawsuits filed by the SEC against Binance and Coinbase are not comparable, and that Coinbase will come out as a winner in the long run.
Wood believes that the SEC’s lawsuit against Binance is more serious than the one against Coinbase, as Binance is a global exchange that operates in many countries, while Coinbase is a US-based exchange that is more regulated. She also noted that Coinbase has been working closely with regulators and has been proactive in addressing regulatory concerns.
Wood also mentioned that the competition for Coinbase is disappearing, which is a positive development for the company in the long term. She is optimistic about the future of Coinbase and believes that the company will continue to grow and innovate in the crypto space.
It is worth noting that Wood is a well-known tech investor who is enthusiastic about Bitcoin and crypto companies. Her comments on the legal troubles faced by Binance and Coinbase are likely to be of interest to investors and industry observers alike.
