PANews reported on November 11 that Ark Invest CEO Cathie Wood wrote on X: "The United States should relax regulations and weaken the influence of institutions such as the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC). Cut government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. Doing so may boost the U.S. economy more powerfully than during the 'Reagan Revolution'."
Musk retweeted the post and called the proposals "Great."
