{"id":595910,"date":"2024-11-08T07:28:41","date_gmt":"2024-11-08T07:28:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595910"},"modified":"2024-11-08T13:02:00","modified_gmt":"2024-11-08T13:02:00","slug":"donald-trump-eyes-robinhoods-dan-gallagher-to-replace-sec-chair-gary-gensler","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-eyes-robinhoods-dan-gallagher-to-replace-sec-chair-gary-gensler","title":{"rendered":"Donald Trump Eyes Robinhood\u2019s Dan Gallagher To Replace SEC Chair Gary Gensler"},"content":{"rendered":"<p>The Donald Trump transition team is considering Dan Gallagher, Robinhood Markets&rsquo; chief legal and compliance officer, as a potential successor to Securities and Exchange Commission (SEC) chair Gary Gensler.<\/p>\n<p>Gallagher, a former Republican SEC commissioner under the Obama administration, is the leading candidate on Trump&rsquo;s shortlist, according to a Nov.7 <a href=\"https:\/\/www.reuters.com\/business\/finance\/robinhood-attorney-republican-regulators-being-considered-trump-financial-agency-2024-11-07\/\"><span style=\"font-weight: 400;\">report by Reuters<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108012700-1722198573228-gettyimages-2163402813-CRYPTOTRUMP.jpeg?v=1722202801&amp;w=1858&amp;h=1045&amp;vtcrop=y\" alt=\"Trump stops short of establishing a bitcoin strategic reserve\"><\/p>\n<h2><span style=\"font-weight: 400;\">Trump Promises To Fire Gary Gensler On &ldquo;Day One&rdquo; Of Presidency<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Current SEC chair Gensler has led the regulator in a multi-year battle against US companies operating in the crypto industry, opting for a regulation-by-enforcement approach. That&rsquo;s made him widely despised in the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To win over crypto voters leading up to the US election, Trump <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/what-a-trump-presidency-means-for-crypto-will-the-crypto-president-deliver\"><span style=\"font-weight: 400;\">promised<\/span><\/a><span style=\"font-weight: 400;\"> to fire Gensler on his first day in office, and to appoint a new SEC chair who &ldquo;will not block the future.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Donald Trump to fire Gary Gensler and hire pro-Bitcoin administration. <a href=\"https:\/\/t.co\/KxUYoBM65s\">pic.twitter.com\/KxUYoBM65s<\/a><\/p>\n<p>&mdash; Jordan Harmon (@JordanHarmon) <a href=\"https:\/\/twitter.com\/JordanHarmon\/status\/1817344471971037361?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Although Gensler&rsquo;s current term extends through 2026, it&rsquo;s usual practice for SEC chairs who were appointed by a previous a president to step down when a new administration takes power. Gensler has also already signaled that he would resign if Trump was elected for a second term.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Another Former SEC Commissioner On Trump Administration&rsquo;s List Of Candidates<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Conversations are reportedly still ongoing within the Trump transitionteam, with another former SEC commissioner also on the Trump administration&rsquo;s shortlist of candidates. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paul Atkins, a former GOP SEC commissioner that was on Trump&rsquo;s 2016 transition team, as well as Willkie Farr &amp; Gallagher partner Robert Stebbins are being considered for the role of new SEC chair as well, Reuters reported.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other candidates include Federal Reserve governor Michelle Bowman and Republican Chairman of the Federal Deposit Insurance Corporation Board Jonathan Gould.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-shatters-ath-as-trump-wins-crypto-all-stars-rockets-past-3-million\"><span style=\"font-weight: 400;\">Bitcoin Shatters ATH As Trump Wins, Crypto All-Stars Rockets Past $3 Million<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/mog-coin-price-prediction-mog-plunges-9-as-investors-flock-to-this-meme-coin-rival-for-parabolic-gains\"><span style=\"font-weight: 400;\">Mog Coin Price Prediction: MOG Plunges 9% As Investors Flock To This Meme Coin Rival For Parabolic Gains<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-billionaires-michael-saylor-and-brian-armstrong-along-with-doge-fan-elon-musk-see-huge-gains-after-trump-victory-more-profits-could-follow\"><span style=\"font-weight: 400;\">Crypto Billionaires Michael Saylor And Brian Armstrong, Along With DOGE Fan Elon Musk, See Huge Gains After Trump Victory &ndash; 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chief legal and compliance officer, as a potential successor to Securities and Exchange Commission <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":389251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-595910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Donald Trump Eyes Robinhood\u2019s Dan Gallagher To Replace SEC Chair Gary Gensler - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Donald Trump is considering Dan Gallagher, Robinhood Markets&#039; 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