Robinhood’s Chief Authorized Officer, Dan Gallagher, is rising as a number one contender to move the SEC if Donald Trump wins the presidency.
“He’d be a pure alternative,” one former senior SEC official advised Politico, which cited a dozen former prime regulators, lobbyists, and securities attorneys.
Talkshow host Steven Steele commented that this may be enormous for crypto.
“A Trump victory would guarantee a massively pro-crypto shift in regulation to the likes of which we’ve by no means seen earlier than.”
BREAKING: Sources contained in the Trump marketing campaign are saying that Robinhood’s Chief Authorized Officer Dan Gallagher will substitute Gary Gensler as SEC Chair underneath Trump.
A Trump victory would guarantee a massively pro-crypto shift in regulation to the likes of which we’ve by no means seen earlier than. pic.twitter.com/WtH7PbtGxm
— Steven Steele (@MrStevenSteele) October 7, 2024
Ending Gensler’s Warfare on Crypto
The Robinhood govt and former SEC commissioner may face an inner battle if he secures the place for the reason that regulator is contemplating a lawsuit in opposition to Robinhood over its crypto enterprise.
Gallagher objected to the SEC’s newest salvo in opposition to crypto corporations in its ongoing warfare in opposition to the business. He mentioned the platform has a fraction of the tokens that different exchanges listing and doesn’t supply crypto staking or lending.
“We’ve been forgoing income for the corporate by not going hog wild itemizing cash, and I feel that places us in a really distinctive place. Taking pictures on the good guys is a very dangerous coverage.”
He additionally disagrees with present SEC Chair Gary Gensler’s heavyhanded method to crypto regulation, arguing for tailor-made guidelines and a registration system for crypto exchanges and brokers.
He mentioned that if he had been chair over the previous couple of years, he would have already applied the framework that the crypto business has been searching for.
“I’d have accomplished issues otherwise. I’ve identified Gary for a very long time and have numerous respect for Gary, however, on this one, I disagree with him.”
Republican Consultant for Michigan Invoice Huizenga additionally endorsed the Robinhood govt, stating that “In the end, you need somebody who’s considerate, skilled, and never simply ideologically politically pushed.” He added that this has been the issue with Gary Gensler.
Different candidates embody former CFTC Chairman Chris Giancarlo, former SEC Common Counsel Robert Stebbins, and present SEC Commissioner Hester Peirce.
Trump Again Infront?
Based on blockchain betting platform Polymarket, Trump has prolonged his result in 54% over rival Kamala Harris who’s on 45.4%.
Trump’s lead is as much as 8.6% within the odds at the moment.
He’s nearing his largest lead since Kamala Harris entered the race. pic.twitter.com/PpJtjyxnZ0
— Polymarket (@Polymarket) October 7, 2024
Nevertheless, the YouGov ballot nonetheless has Harris within the lead with 50% to Trump’s 47%. Venture Fivethirtyeight additionally has Harris marginally forward within the polls.
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Unique): Use this hyperlink to register a brand new account and obtain $600 unique welcome supply on Binance (full particulars).
LIMITED OFFER 2024 at BYDFi Trade: As much as $2,888 welcome reward, use this hyperlink to register and open a 100 USDT-M place without cost!
You May Additionally Like:
- Emmer Warns of ‘Financial Catastrophe’ if Harris Picks Gensler or Warren for Treasury
- 84% of Polymarket Bettors Imagine Donald Trump Will Seemingly Launch a Token
- Trump Launches New NFT Buying and selling Playing cards Searching for Extra Crypto Votes
