News View Non-AMP

US Elections 2024: Will Dan Gallagher Replace Gary Gensler as SEC Chair?

Published by
Vijay Gir

The crypto community is abuzz with rumors that Dan Gallagher, Robinhood’s Chief Legal Officer, could take over as SEC Chair if Donald Trump wins the 2024 presidential election.

This potential change has caught the attention of both the financial and crypto sectors, especially those critical of Gary Gensler’s leadership at the SEC.

A Fresh Start for the SEC?

Gallagher, who previously served as an SEC commissioner, brings a fresh perspective to the regulatory landscape. Many see the current SEC approach as unclear and overly strict, especially when it comes to crypto. Gallagher has openly criticized the lack of clear rules, arguing that it’s holding back much-needed innovation in the industry.

His appointment could signal a more supportive stance towards crypto growth.

Why Gallagher’s Name Is Gaining Momentum

Gallagher’s connections in Washington and his deep legal experience make him a strong contender for the role. As the race for the 2024 election heats up, more insiders are backing him as a potential replacement for Gensler, believing he could steer the SEC in a new direction.

Defending Robinhood: Gallagher Takes a Stand

Gallagher has recently made headlines for defending Robinhood after the SEC issued a Wells Notice, suggesting possible action against the platform for operating as an unregistered broker-dealer in the crypto space. Gallagher argues that Robinhood has been careful with its crypto operations, stating, “Shooting at the good guys is really bad policy.”

His defense resonates with many who feel that companies trying to comply with the rules shouldn’t be unfairly targeted.

With the 2024 election around the corner, many are wondering what would happen to Gensler’s policies if Trump wins and replaces him with Gallagher. Would Gallagher push for a more balanced approach—one that allows both oversight and innovation?

A Game Changer for Crypto!

In today’s uncertain regulatory climate, Gallagher could bring the clarity the crypto industry has been seeking. If he steps into the role of SEC Chair, we may finally see the clearer guidelines that could open the door to new opportunities and growth in the market.

Vijay Gir

Vijay Gir is a Certified Blockchain Expert with over 8 years of experience in the blockchain industry. He has a deep passion for sharing his knowledge of blockchain, cryptocurrency, and web3 technologies. For the past 7 years, Vijay has been dedicated to writing about these transformative topics, helping others stay informed and understand the evolving landscape of decentralized technologies.

Recent Posts

Donald Trump to Hit 7 Nations With Tariffs on Aug 1st, Will Crypto Market Crash?

Bitcoin is holding steady around $108,700, showing resilience while the global markets react to Trump's…

July 9, 2025

New Zealand Bans Crypto ATMs to Combat Money Laundering

Due to rising financial crimes, the New Zealand government took a bold step to ban…

July 9, 2025

SEC’s July 10 Meeting Could Be a Turning Point in Ripple vs SEC Lawsuit

The U.S. SEC has announced a closed-door meeting scheduled for July 10, reigniting speculation around…

July 9, 2025

Why XRP Price is Not Surging?

XRP was one of the biggest crypto winners after the U.S. election in 2024, so…

July 9, 2025

STANDARD IN GOLD GROUP Issues Blockchain-Based Certificates for Physical Gold

Vienna, Austria, June 2025 – In a digital asset market dominated by speculative tokens and…

July 9, 2025

Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

Tether, the issuer of the world’s largest stablecoin USDT, is gearing up for a dramatic…

July 9, 2025