BlockBeats News, on November 8, according to Reuters citing multiple insiders, officials from Trump's transition team are considering hiring top lawyers from the retail brokerage firm Robinhood, as well as bank regulators and corporate lawyers, to draft a shortlist of major financial institution leaders that they expect to present to the incoming president soon.

Among those being considered for the position of chairman of the U.S. Securities and Exchange Commission (SEC) is Dan Gallagher, who served as a Republican SEC commissioner from 2011 to 2015 and is currently the Chief Legal and Compliance Officer at Robinhood.