Robinhood Chief Legal$XLM$SHIB$DOGE Dan Gallagher, the chief legal officer of Robinhood, has withdrawn his candidacy from consideration for the position of chairman of the U.S. Securities and Exchange Commission (SEC). Once considered the frontrunner to replace Gary Gensler, Gallagher’s decision has shifted attention to other potential candidates, sparking heated discussions in the financial and cryptocurrency sectors. Gallagher had previously led the betting market, with Kalshi pegging his chances at 61%. However, his odds quickly dwindled, leaving the field wide open for other candidates. Now, Paul Atkins, the CEO of Patomak Global Partners and a former SEC commissioner, is leading the race. Markets have adjusted to reflect a 60% chance of Atkins taking the job, highlighting the rapid shift in expectations.
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