Politico reported on October 7 that Dan Gallagher, the Chief Legal Officer at Robinhood, is considered a top candidate for Chairman of the U.S. Securities and Exchange Commission (SEC) if Donald Trump is re-elected as president. Despite the speculation, it remains unclear if Gallagher is willing to leave his current position at Robinhood. Gallagher has expressed his admiration for his job and feels honored to be considered for the role of the SEC chairman, but he has voiced concerns about the SEC’s direction, particularly in relation to crypto exchanges and brokers lacking a proper registration system. He believes that tailored rules are necessary, but legislation is still required.
Gallagher, a former SEC commissioner known for his amiable demeanor and political acumen, is one of several potential candidates for the SEC chairman position under the Trump administration. Other contenders include Chris Giancarlo, Robert Stebbins, and Hester Peirce. Republicans reportedly believe that Gallagher is a strong possibility for the position in the future. (Source: BlockBeats)
