According to informed sources, former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins is currently seen as a leading candidate to succeed Gary Gensler as SEC Chair. The previous leading candidate, Robinhood’s General Counsel Dan Gallagher, has largely withdrawn from the competition. Atkins is widely supported by the business and cryptocurrency industries due to his free market-oriented regulatory style and support for cryptocurrencies. At the same time, Gensler's decision not to seek reappointment as SEC Chair has also been praised by the business community. Reports indicate that the candidate has not yet been finalized and there may still be changes.