Cathie Wood, founder of the Ark Fund, wrote on X that the US should deregulate and reduce the influence of institutions such as the Securities and Exchange Commission (SEC) and the US FTC (FTC). Cut government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. Doing so could boost the US economy more powerfully than during the "Reagan Revolution". Elon Musk retweeted the post, calling the proposals "great."