Former U.S. President Trump is reportedly set to announce his replacement for the SEC Chair tomorrow.
Former President Donald Trump is expected to announce his choice for the next Securities and Exchange Commission (SEC) chair tomorrow, according to sources cited by FOX Business reporter Eleanor Terrett.
The announcement aligns with Trump’s campaign pledge to dismiss Gary Gensler on his first day in office. Gensler, who has already stated his intention to step down effective January 20, leaves behind a controversial legacy marked by a rigorous crackdown on cryptocurrency and an assertive regulatory approach.
Former SEC Commissioner Paul Atkins is among the potential candidates for the role, as part of a shortlist that includes Robinhood Chief Legal Officer Dan Gallagher, Willkie Law Firm Partner Robert Stebbins, and current SEC Commissioner Mark Uyeda.
The nominee is expected to significantly influence the SEC's approach to cryptocurrencies, financial markets, and corporate oversight, signaling a potential shift in the commission’s regulatory priorities.