Dan Gallagher, Robinhood’s chief legal officer and former SEC commissioner, is reportedly a leading candidate for the SEC Chair position under Donald Trump. Gallagher's appointment would mark a significant shift after Trump vowed to replace the current chair, Gary Gensler, on his inauguration day. Alongside Gallagher, other candidates cited include Paul Atkins and Robert Stebbins, both former SEC commissioners. Gallagher's past experience as an SEC commissioner from 2011 to 2015 and his current role at Robinhood make him a popular choice within the crypto industry, which has faced regulatory challenges under Gensler. Conversations regarding the selection process are ongoing, with Trump’s team expected to finalize candidates in the coming weeks. Trump's inauguration is scheduled for January 20, 2025, and the SEC Chair typically resigns when a new administration takes over, as seen during Biden's presidency with Gensler's appointment in 2021.

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