Deep Wave TechFlow News, on October 7, Politico reported that if Trump is re-elected as President of the United States, Robinhood Chief Legal Officer Dan Gallagher may become the leading candidate for chairman of the U.S. Securities and Exchange Commission (SEC). That sentiment was echoed by multiple former senior regulators, lobbyists and securities lawyers. Gallagher, a former SEC commissioner, was known for his affability and political skills.
Gallagher clearly disagrees with the SEC's current policy. He believes that if he had been chairman in the past few years, he would have already developed tailored rules for cryptocurrency exchanges and brokers, providing "at least a path forward for a basic registration system." Despite this, Gallagher still believes that relevant legislative support is needed.
In addition to Gallagher, other possible SEC chairman candidates are circulating on Wall Street, including:
Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, also known as "CryptoDad"
Robert Stebbins, former SEC general counsel, now a partner at Willkie Farr & Gallagher
Current SEC Republican Commissioner Hester Peirce
