As President-Elect Donald Trump prepares to assume office, the crypto industry is closely watching his administration’s potential picks for key financial regulatory positions. With promises to end the “war on crypto” initiated under the Biden administration, Trump is expected to overhaul leadership at the Securities and Exchange Commission (SEC) and other financial agencies.

Will Dan Gallagher Lead The “Peace With Crypto”?

According to Reuters, Trump’s transition team is considering Dan Gallagher, a former Republican SEC commissioner from 2011 to 2015 and the current Chief Legal and Compliance Officer at Robinhood Markets Inc., as a front-runner for the SEC chair position. Gallagher is highly regarded among crypto executives who contributed millions to Trump’s campaign.

Also under consideration is Paul Atkins, another former Republican SEC commissioner and the CEO of Patomak Global Partners, a consultancy firm. Atkins served on Trump’s transition team in 2016 and was previously a contender for the SEC chair role. Robert Stebbins, a partner at Willkie Farr & Gallagher and former SEC general counsel during Trump’s first term, is also being discussed for top financial regulatory roles.

“President-Elect Trump will begin making decisions on who will serve in his second Administration soon. Those decisions will be announced when they are made,” Karoline Leavitt, Trump’s national press secretary, told Reuters.

Meanwhile, current SEC commissioner Mark Uyeda has publicly expressed his intention to support Trump’s agenda to end the regulatory crackdown on crypto. Uyeda, who has served on the commission since 2022, is likely to become the acting chair when Trump takes office in January, according to a FOX Business report.

“The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm. President Trump and the American electorate have sent a clear message. Starting in 2025, the SEC’s role is to carry out that mandate,” Uyeda told FOX Business.

Uyeda’s stance aligns with Trump’s campaign promise to halt the aggressive Go to Source to See Full Article
Author: Jake Simmons