Dan Gallagher, Paul Atkins, Hester Peirce and others are candidates to replace Gensler.
Trump will make decisions about who will serve in his administration soon, his team says.
Donald Trump, the president-elect of the United States, assured during his campaign that he would fire Gary Gensler from the presidency of the Securities and Exchange Commission (SEC) on his first day in office. With his recent victory in the presidential elections, Gensler’s departure from the SEC seems imminent, following the tradition of the head of this office making his position available to the new president.
With Trump’s inauguration in January 2025, speculation about who could replace Gensler has begun to take shape, with several names ringing out as potential successors. The candidates include figures from the cryptocurrency industry, as well as former SEC officials.
Dan Gallagher, who served as a Republican SEC commissioner from 2011 to 2015 and is currently Robinhood’s chief legal and compliance officer, is mentioned as a frontrunner. People familiar with the process indicated to the Reuters agency that Gallagher has significant support within the cryptocurrency communityand who contributed large donations to Trump’s campaign.
Another name on the list is Paul Atkins, former Republican SEC commissioner and current CEO of Patomak Global Partners. Atkins was involved in Trump’s transition team in 2016 and is seen as a regulator with experience in adapting financial policies. in favor of a freer market.
Robert Stebbins, who was general counsel of the SEC during the first Trump administration and is now a partner at the law firm Willkie Farr & Gallagher, is also being considered for the position. His experience at the agency gives him an advantage for the transition.
In addition to these, the list includes Hester Peirce, known as “Crypto Mom” for her support of the emerging sector, and J. Christopher Giancarlo, nicknamed “Crypto Dad”, for his book on the future of money and his leadership on the Commission Futures Trading Commission (CFTC).
Brian Brooks, who has integrated digital assets into the traditional financial system and had a brief tenure at Binance.USis also mentioned as a possible candidate, as reported by CriptoNoticias.
Erica Williams, current chair of the Public Company Accounting Oversight Board (PCAOB), and Chris Brummer, principal at Georgetown, are other names that have emerged in preliminary discussions.
Trump’s transition team is working on a short list for each financial agency. “President-elect Trump will begin making decisions about who will serve in his second Administration soon. Those decisions will be announced when they are made,” said Karoline Leavitt, Trump’s national press secretary.
This selection process could take several weeks, with multiple factors influencing the final decision. The direction the SEC takes under new leadership could have significant implications for financial regulation and especially for the cryptocurrency sector in the United States.
This is the list of the 8 candidates who can replace Gary Gensler in the SEC
- Dan Gallagher: Former Republican SEC Commissioner (2011-2015) and current Chief Legal and Compliance Officer at Robinhood.
- Paul Atkins: Former Republican SEC Commissioner and current CEO of Patomak Global Partners.
- Robert Stebbins: Former SEC general counsel during the first Trump administration and current partner at the law firm Willkie Farr & Gallagher.
- Hester Peirce: Known as “Crypto Mom” for her support of the cryptocurrency sector.
- J. Christopher Giancarlo: Known as “Crypto Dad” for his work on the future of money and his leadership at the CFTC.
- Brian Brooks: Former executive who integrated digital assets into the financial system and had a brief tenure at Binance.US.
- Erica Williams: Current Chair of the Public Company Accounting Oversight Board (PCAOB).
- Chris Brummer: Director at Georgetown and mentioned in preliminary discussions.
This article was created using artificial intelligence and edited by a human Editor.
