Robinhood’s Chief Legal Officer in Line for SEC Leadership!
Dan Gallagher, the Chief Legal Officer at Robinhood, is being considered as a potential candidate to lead the U.S. Securities and Exchange Commission (SEC) if Donald Trump secures the presidency, Politico reports, referencing opinions from former SEC officials.
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Dan Gallagher, the Chief Legal Officer at Robinhood, is being considered as a potential candidate to lead the U.S. Securities and Exchange Commission (SEC) if Donald Trump secures the presidency, Politico reports, referencing opinions from former SEC officials.
Currently, Gary Gensler holds the position of SEC Chair, widely recognized for his adversarial approach to the crypto sector and his controversial regulatory measures. For more on Gensler’s career and achievements, check out our in-depth article on the subject.
Robinhood, a U.S. financial company offering trading platforms for stocks, ETFs, and cryptocurrencies, is closely tied to Gallagher’s potential appointment. This news is particularly notable given that Robinhood Crypto recently received a Wells Notice from SEC staff, indicating the possibility of a future enforcement action.
Dan Gallagher’s reputation extends beyond his current role at Robinhood, as he previously served as a Commissioner at the SEC. His stance on crypto regulation diverges from that of Gary Gensler, the current SEC Chair. In a recent critique of the SEC's policies, Gallagher remarked, “shooting at the good guys is a really bad policy.”
“It is an honor to have my name included in any discussion of who may be the next SEC Chairman. I’ve had the privilege to serve in various roles at the SEC, including as a commissioner. I care deeply about the agency, and my hope for any new SEC Chairman would be that they foster access to the markets, and ensure the U.S. remains at the forefront of financial innovation,” — Gallagher said in an emailed statement to The Block.
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