Trump Transition Team Considers Robinhood’s Dan Gallagher for SEC Chair Amid Financial Leadership Reforms

On November 8th, COINOTAG News reported that key players from the Trump transition team are exploring the possibility of bringing in a prominent legal expert from Robinhood, a major player in the retail brokerage sector. Sources indicate that alongside this potential hire, there is also a strategy to engage seasoned banking regulatory and corporate attorneys to compile a list of candidates to present to the incoming president. Notably, Dan Gallagher, who previously served as a Republican commissioner at the U.S. Securities and Exchange Commission (SEC) from 2011 to 2015 and currently holds the position of Chief Legal and Compliance Officer at Robinhood, is reportedly under consideration for the role of SEC Chair. This development underscores the ongoing intertwining of regulatory expertise and innovation within the financial services landscape, particularly in the cryptocurrency domain.