Politico: Robinhood Legal Head in Lead to Become SEC Chairman if Trump Wins

Politico: Robinhood Legal Head in Lead to Become SEC Chairman if Trump Wins

Robinhood’s chief legal officer, Dan Gallagher, is reportedly a top candidate to lead the agency if former President Donald Trump takes office after the November election.

People familiar with the matter say Gallagher, a veteran of both private practice and public service, represents a major departure from the current state of affairs under SEC Chairman Gary Gensler. Trump has repeatedly promised to fire Gensler and take a different approach to what many see as an adversarial approach to cryptocurrency.

Gallagher’s track record uniquely positions him for the job. He served during the Obama administration as a Republican SEC commissioner, and his career includes serving as an adviser to several Republican appointees during the George W. Bush presidency. These days, he’s leading some of Robinhood’s cryptocurrency efforts amid regulatory headwinds. When approached for comment, Gallagher said, “It is an honor to have my name included in any discussion about who might be the next SEC chairman.” He added, “I care deeply about the agency, and my hope for any new SEC chairman would be that they will promote access to the markets and ensure that the U.S. remains at the forefront of financial innovation.” 21368919409 321207058163423332185319514999706 #