{"id":1151,"date":"2024-11-09T06:00:22","date_gmt":"2024-11-09T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/sec-shake-up-robinhood-legal-boss-on-shortlist-for-top-spot-report\/"},"modified":"2024-11-09T06:00:22","modified_gmt":"2024-11-09T06:00:22","slug":"sec-shake-up-robinhood-legal-boss-on-shortlist-for-top-spot-report","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/sec-shake-up-robinhood-legal-boss-on-shortlist-for-top-spot-report\/","title":{"rendered":"SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot\u2014Report"},"content":{"rendered":"

A major revamp is coming to the SEC.<\/p>\n

For many reasons, this year\u2019s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to handle crypto.<\/p>\n

Between the two, incoming President Donald Trump offered a more friendly stance over crypto, promising to make the US a \u201ccrypto capital\u201d and suggesting a change in leadership at the Securities and Exchange Commission (SEC).<\/p>\n

Now that Trump is the next president, all eyes are on the SEC and the expected reshuffle. And the latest political chatter suggests that the high-profile job will probably go to Dan Gallagher<\/a>, Robinhood\u2019s Chief Legal Officer.<\/p>\n

Many expect Trump to announce in January 2025 the next SEC chief, as the clamor for the agency’s Gary Gensler\u2019s exit<\/a> intensifies.<\/p>\n

Gensler In Hot Seat Before Elections<\/strong><\/h2>\n

Many expect Gensler to be one of the high-profile exits once Trump takes office. Gensler has waged legal fights against the crypto community for years, including Binance and Ripple\u2019s XRP. His aggressive policies against crypto and its personalities have earned him plenty of detractors and enemies.<\/p>\n

<\/p>\n

With Gensler\u2019s increasing unpopularity, many have demanded his resignation. Trump acknowledged the issue and promised a revamp of the SEC<\/a> once he wins. Even Ripple’s
\nBrad Garlinghouse has blamed Gensler for the Democrat\u2019s loss this election. Now, Reuters reports that Robinhood\u2019s Dan Gallagher is considered the top contender for Gensler\u2019s post.<\/p>\n

Robinhood\u2019s Dan Gallagher As Next SEC Chair?<\/strong><\/h2>\n

Dan Gallagher currently serves as Robinhood\u2019s Chief Legal Officer. Gallagher was a SEC commissioner from 2011 to 2015 before joining the company. Also, Gallagher enjoys wide popularity among cryptocurrency bigwigs, especially among Trump donors. At least two sources have confirmed that the former SEC commissioner is in the running to become the next chair of the agency.<\/p>\n

Although the selection process is still open, Gallagher’s pro-innovation policies give him an advantage over other hopefuls. He advocates for tighter regulation of cryptocurrencies and supports market liberalization.<\/p>\n

Previously, Gallagher campaigned to treat digital assets like Bitcoin as a distinct asset class, not as securities. In short, the SEC can see a more crypto-friendly policy once Gallagher takes oath.<\/p>\n

Other Candidates In Consideration<\/strong><\/p>\n

Aside from Gallagher, a few other names are floated as Gensler\u2019s replacement<\/a>. For example, some in the crypto industry are looking at Hester Pierce, who is a SEC Commissioner, to become the next SEC chair. However, some insiders have shared that Pierce isn\u2019t keen on taking the job. Another candidate in the running is Mark Uyeda, who was appointed as SEC commissioner on June 30, 2022.<\/p>\n

Multiple reports also mentioned Paul Atkins, former Republican SEC Commissioner, and Robert Stebbins – who was named SEC General Counsel in May 2017 — as possible Gensler replacement.<\/p>\n

Featured image from CNBC, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A major revamp is coming to the SEC. For many reasons, this year\u2019s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to handle crypto. Between the two, incoming President…<\/p>\n","protected":false},"author":1,"featured_media":1152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[51,55,909,462,910,911,166],"class_list":["post-1151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto","tag-cryptocurrency-market-news","tag-dan-gallagher","tag-donald-trump","tag-gary-gensler","tag-robinhood","tag-sec"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1151"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1152"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}