Cathie Wood, the founder of ARK Invest, an American investment management firm that invests in disruptive technologies, including exposure to cryptocurrencies, thinks the current banking crisis in the United States was inevitable.

In a tweet on March 14, Wood said the banking crisis was looming in plain sight and is blaming regulators for not taking timely steps to avert the problem.

In her assessment, regulators, including the United States Securities and Exchange Commission (SEC) and the rest, should block the proliferation of centralized finance (CeFi) platforms which she says are opaque.

(By Dalmas Ngetich)