Politico: If Trump wins, Robinhood's Chief Legal Officer will become a major contender for SEC Chairman

According to Politico, over a dozen former senior regulators, lobbyists, and securities lawyers have stated that if Donald Trump regains the presidency, Robinhood Chief Legal Officer Dan Gallagher will become the leading candidate for the position of Chairman of the U.S. Securities and Exchange Commission (SEC). It is currently unclear whether Gallagher wishes to leave Robinhood. Gallagher said he loves his job and "I am honored to be mentioned when discussing who will become the next SEC chairman." However, there is no doubt that Gallagher has clear objections to the direction of the SEC. He stated that if he had served as chairman in the past few years, there would have been tailor-made rules long ago, as the industry has long sought to provide "at least a basic registration system forward" for cryptocurrency exchanges and brokers. Nevertheless, Gallagher believes that legislation is still necessary. Gallagher has served as a member of the U.S. Securities and Exchange Commission and is known for her affability and political acumen. Under the leadership of the Trump administration, other potential candidates circulating on Wall Street for the position of SEC chairman include former chairman of the Commodity Futures Trading Commission, Chris Giancarlo, who is known online as "CryptoDad"; Former SEC General Counsel Robert Stebbins, current Willkie Farr& Partner at Gallagher Law Firm; And current SEC commissioner Hester Peirce, who holds a Republican seat on the agency's five member committee. However, according to reports, for some Republicans, whether Gallagher can become chairman has always been a matter of time, not whether it will happen.