The post SEC Commissioner To Resign; Dan Gallagher Exits Race, Who Will Be The Next SEC Chair? appeared on BitcoinEthereumNews.com.

After Gary Gensler’s exit news on January 20 next year, another Democratic commissioner on the Securities and Exchange Commission is all set to leave the US SEC. Commissioner Jaime Lizárraga To Exit As per a recent filing, Commissioner Jaime Lizárraga will officially resign from the US SEC by January 17, which could give Republicans a head start in redirecting the regulator’s policies, including on cryptocurrency, which would otherwise be delayed. He cited his wife’s battle with breast cancer as the reason for stepping down and emphasized the need to prioritize his family during this critical time. Notably, at this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025. With her term already expired, putting her into an extension can last as long as about 18 months. The two remaining Republican members are Hester Peirce and Mark Uyeda. With the exit news of both Gary Gensler and Jaime Lizárraga, the speculations around who could be the next SEC Chair have been intensified. Some names under consideration include Robert Stebbins, Paul Atkins; and Teresa Goody Guillén.  Dan Gallagher Out Of The Race Notably, Robinhood’s CLO, Dan Gallagher was leading in the race for the next SEC Chair. However, according to CBDC , he recently shared that he does not wish to be considered for this position, although he added that it’s an honor to have his name “in the mix.” “I am committed to Robinhood and our millions of customers who represent the new generation of retail investors,” Gallagher said. He also said he was excited to work with the incoming Trump administration and next SEC chair “to promote innovation and provide more opportunity for retail investors.” Notably, Gallagher is not the only SEC contender to recently remove their name from the mix. Trump’s former CFTC…

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Filed under: News - @ November 23, 2024 2:20 am