President-elect Donald Trump is consulting the crypto industry on his selection for the new SEC chair, with top contenders including Paul Atkins and Brian Brooks. As he prepares to overhaul SEC leadership, Trump has pledged to support the crypto sector, promising to create a favorable regulatory environment and appoint a crypto czar to guide policy. The crypto industry anticipates a significant shift in regulatory dynamics following the resignation of current SEC chair Gary Gensler.
Dan Gallagher, the chief legal officer at Robinhood Markets Inc., has withdrawn from consideration to lead the US Securities and Exchange Commission under President-elect Donald Trump. In a statement, he expressed that while it was an honor to be considered, he does not wish to pursue the position.
Richard Farley, a partner at Kramer Levin, and Norm Champ from Kirkland & Ellis are among the candidates to succeed Gary Gensler as chair of the US Securities and Exchange Commission. Other potential contenders include Dan Gallagher of Robinhood, current SEC Commissioner Mark Uyeda, and former CFTC chairman Heath Tarbert.
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