Since Donald Trump's election as US President, attention has turned to the candidate for SEC chair. Gary Gensler, whom Trump plans to replace, may remain in his position or face a conflict with the incoming administration.
Speculations About the New Chair
Users on the Kalshi platform speculate that Dan Gallagher from Robinhood could become the new SEC chair. However, former SEC commissioner Paul Atkins and former acting Comptroller of the Currency Brian Brooks are also being discussed as potential candidates.
Will Gensler Resign?
It is unclear whether Gensler will voluntarily step down as SEC chair, or if President-elect Trump will need to take steps to remove him, which could be a subject of legal debate among experts.
The Legal Battle Between Trump and Gensler
Historically, SEC chairman changes happen voluntarily with administration changes. However, the legal perspective of removal is discussed, which might lead to legal disputes if Gensler resists.
The question of the new SEC chair remains unresolved and may cause legal tensions between current and future agency leadership.