Dan Gallagher as a potential successor for Gary Gensler as SEC Chair

user avatar

by Giorgi Kostiuk

2 years ago

It has been reported that Trump's team is considering Dan Gallagher as a potential new SEC Chair to replace Gary Gensler. However, this change might not happen immediately, as Gensler could remain until the end of his term in 2026.

Trump's stance and potential leadership change

During his presidential campaign, Donald Trump vowed to fire Gary Gensler if elected. Gensler is known for his strict stance on the crypto industry. However, Gensler has expressed a desire to stay until the end of his term in 2026.

Those decisions will be announced when they are made.Karoline Leavitt

Potential candidate: Dan Gallagher

Dan Gallagher, a former SEC commissioner, is known for advocating the classification of cryptocurrencies as a separate asset class. He is currently the chief legal and compliance officer at Robinhood and is a popular pick among crypto executives.

Legal aspects of Chair change

According to US law, a president cannot fire an executive agency commissioner without cause. This also applies to Federal Reserve Chair Jerome Powell, who was appointed by Trump in 2018.

Not permitted under law.Jerome Powell

Changes in the SEC and other agencies' leadership are often tied to shifts in the White House. However, appointing a new chair requires adherence to legal procedures, which may affect the timing of power reassignment.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Spot Bitcoin ETFs Experience Nearly $1 Billion Inflows

On September 21, US spot Bitcoin ETFs recorded nearly $1 billion in net inflows, marking the largest single-session total of 2026.

user avatarEmily Carter

DeFi Development Corp Expands SOL Treasury with New Purchase

DeFi Development Corp has increased its SOL holdings by 101,381, marking a significant investment in the Solana ecosystem.

user avatarFilippo Romano

Bybit Confirms Support for Avalanche v1150 Upgrade

Bybit has confirmed support for the Avalanche v1150 upgrade, ensuring continued compatibility for AVAX users.

user avatarTomas Novak

Bybit Launches OURAUSDT Pre-IPO Perpetual Contract

Bybit has launched OURAUSDT, a pre-IPO perpetual contract, allowing leveraged trading on Oura's implied valuation before its public listing.

user avatarKaterina Papadopoulou

Binance Expands Use of Tokenized Stocks for Margin Utility

Binance has introduced a new feature allowing users to use eligible bStocks as collateral in its MultiAssets Mode.

user avatarMaya Lundqvist

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.