ChainCatcher News: Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), resigned in May this year amid an investigation into the agency's toxic workplace culture. However, Gruenberg stated that he would remain in office until a successor is appointed and confirmed. The Trump administration is preparing to relax regulation of the FDIC to some extent, which has increased scrutiny of banks following the regional banking crisis that erupted in 2023. For example, the agency has indicated it will take a stricter approach to examining bank transactions of a certain size.
A top priority for the Trump administration is to oust SEC Chairman Gary Gensler, whom he has said he would fire on his first day in office. One of the candidates being considered by Trump's allies to replace Gensler is Dan Gallagher, who is the Chief Legal Officer of Robinhood and a former SEC Commissioner.
Other candidates include Christopher Giancarlo, a former Chairman of the Commodity Futures Trading Commission (CFTC) and Senior Counsel at Willkie Farr & Gallagher law firm, and Dalia Blass, a partner at Sullivan & Cromwell law firm.
