How will regulatory changes impact businesses, especially in the digital asset space?

The current regulatory environment has created a morass that has had a stranglehold on businesses, particularly small and medium enterprises. According to Cathie Wood, we're approaching a significant shift as SEC Chairman Gary Gensler has announced his departure on January 20th, which will likely remove regulatory shackles that have hindered business growth and innovation. Wood predicts these changes will be especially transformative for the digital asset world, which she believes is now poised to 'take off and thrive.' While acknowledging the need for appropriate regulations for safety, she emphasizes that the current system has become overly burdensome as regulators continue building their 'empires' and creating more regulations.