Gary Gensler Era Is Coming to an End for Bitcoin and Cryptocurrencies! If Donald Trump Becomes President, the Leading Candidate for SEC Chair Has…

Because the US presidential election, which is essential for Bitcoin (BTC) and the cryptocurrency market, approaches, Politico says Robinhood’s common counsel is the main candidate for SEC chairmanship if Donald Trump wins the election.

Robinhood Normal Counsel Dan Gallagher has emerged as a number one candidate to guide the Securities and Alternate Fee if Donald Trump wins the presidency, Politico mentioned, citing info from former prime regulators, lobbyists and securities legal professionals.

“He can be a logical selection,” a former prime SEC official instructed Politico.

One other one who spoke to Politico mentioned it was unclear whether or not Gallagher would need to depart Robinhood, however added that Gallagher loves his job and can be honored to be concerned in any discussions about who would be the subsequent SEC chairman might be.

Different names thought-about as potential candidates for SEC chairman within the Trump administration embody former Commodity Futures Buying and selling Fee chairman Chris Giancarlo, often known as “CryptoDad”; former SEC Normal Counsel Robert Stebbins, now a associate on the legislation agency Willkie Farr & Gallagher; and present SEC Commissioner Hester Peirce, who holds a Republican seat on the company’s five-member fee.

*This isn’t funding recommendation.