Trump Considers Robinhood Exec Dan Gallagher For SEC Chair If Re-Elected

Donald Trump, who has threatened to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if he wins the presidential election, is reportedly considering Dan Gallagher, Chief Legal Officer at Robinhood (NASDAQ:HOOD), to fill the position.

What Happened: According to Politico, Gallagher — a former SEC commissioner known for his political acumen — is being eyed as Gensler’s potential successor.

It would be an awkward promotion, considering the SEC threatened to sue Robinhood for allegedly operating an unregistered broker-dealer and clearing agency in the crypto markets.

Gallagher pushed back against this potential lawsuit, calling it “a dog of a case.”

“We’ve been forgoing revenue for the company by not going hog wild listing coins, ...

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