Trump’s Election Fuels Debate Over Gensler’s Early Departure, Who Will Lead the SEC?
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Speculation grows about Gary Gensler stepping down early, sparking debate on the future of SEC leadership and crypto oversight.
Dan Gallagher’s potential SEC chair appointment faces mixed reactions, with crypto advocates wary of his ties to traditional banking.Paul Atkins and Brad Bondi, both pro-crypto, could lead the SEC, signaling a shift toward lighter regulation under Trump.
Gary Gensler, who is currently the head of the SEC, may resign earlier than anticipated, perhaps before his 2026 term is out according to Eleanor Terrett, a Fox Business reporter. He may announce his resignation after Thanksgiving, according to sources, and depart by January.
Talk over who will succeed him has been sparked by this, particularly in light of Donald Trump’s election victory. Many are asking who will be the next head of the SEC, and there is increasing conjecture about how Trump may alter bitcoin regulations now that he is in office.
— Eleanor Terrett (@EleanorTerrett) November 15, 2024
🚨While @realDonaldTrump’s pick for @SECGov chair remains unknown, it looks increasingly likely that @GaryGensler will step down voluntarily and choose not to finish his term as commissioner (which would expire in 2026) as some had speculated he may have done, @FoxBusiness has…
Key Contenders for the SEC Chair Role Several candidates are being considered for the SEC chair position. Dan Gallagher, Robinhood’s Chief Legal Officer, is a prominent name. However, his connection to traditional banking has sparked mixed reactions among crypto advocates. Additionally, Bob Stebbins, former SEC General Counsel, is reportedly being supported by former SEC Chair Jay Clayton. Stebbins, while not deeply rooted in crypto, could align with Trump’s stance on digital assets.