Cathie Wood, a top investor, believes that Coinbase could benefit from the recent crypto crackdown by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Wood criticized the SEC and claimed that the regulator going after Binance, the world's largest crypto exchange, could ultimately help Coinbase.

The SEC recently filed civil charges against Binance and sued Coinbase for allegedly operating as an unlicensed securities exchange. Despite the SEC's actions, Wood's Ark Invest has purchased additional shares of Coinbase stock and she remains enthusiastic about the potential of Bitcoin and crypto companies.