Trump's transition team is considering Robinhood's Chief Legal Officer, Dan Gallagher, for the SEC chairman position, as Gallagher is known for his cryptocurrency-friendly stance.
Robinhood's Chief Legal Officer Dan Gallagher has been nominated by the SEC.
Dan Gallagher, Chief Legal Officer at Robinhood, has also been reported as one of the top candidates for appointment as SEC Chairman by the incoming Trump administration. Gallagher is a former SEC commissioner and is known for his strong support for financial innovation and deregulation. The cryptocurrency community loves him mainly because he supports cryptocurrency as an asset in its own right. If appointed as the next chairman, he is likely to reshape U.S. policy on cryptocurrency regulation to be more industry-friendly.
The name of this former commissioner appears at the top of the list of candidates for top agency jobs from Trump's transition team, due to his prior record on market liberalization. Gallagher's nomination could mean significant changes in regulatory policy to ease restrictions on financial companies and promote innovation. A source close to the process indicated that the final decision is still uncertain, with another strong candidate being Paul Atkins.