Robinhood chief legal officer would be a leading contender for SEC chairman if Trump wins

Odaily News More than a dozen former senior regulators, lobbyists and securities lawyers say Dan Gallagher, chief legal officer at Robinhood, would be a candidate for chairman of the Securities and Exchange Commission (SEC) if Donald Trump wins the presidency again. It's unclear whether Gallagher wants to leave Robinhood. Gallagher said he loves his job and is "honored to be mentioned in the discussion about who will be the next SEC chairman." But there's no doubt that Gallagher has clear objections to the direction of the SEC. He said that if he had been chairman in the past few years, there would have been tailored rules in place to provide "at least a path forward for a basic registration system" for cryptocurrency exchanges and brokers, as the industry has long sought. Even so, Gallagher believes legislation is still needed. Gallagher, a former SEC commissioner known for his affability and political prowess, said that if he had been chairman in the past few years, there would have been tailored rules in place to provide cryptocurrency exchanges and brokers with "at least a path forward for a basic registration system," as the industry has long sought. Even so, Gallagher believes legislation is still needed. Other possible candidates for SEC chairman circulating on Wall Street under the Trump administration include former Commodity Futures Trading Commission Chairman Chris Giancarlo, former SEC General Counsel Robert Stebbins, current partner at Willkie Farr & Gallagher law firm, and current SEC Commissioner Hester Peirce. However, the report said that for some Republicans, whether Gallagher could become chairman was always a question of when, not if.