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Donald Trump’s transition team, who won a surprisingly comfortable victory over Kamala Harris and is expected to officially become US president on January 20, has already begun preparations. The team is working on the names who will head the various financial institutions.
Robin Hood Executive Top Candidate for SEC
According to details provided by Reuters; Among the nominees for the SEC, the best chance is Dan Gallagher, Robin Hood’s legal adviser, Politico, a US media outlet, said in October that if Trump wins So Gallagher was the leading candidate for the SEC presidency.
The report stated that Gallagher has a positive impression in the cryptocurrency world and will seek unofficial approval from there. Gallagher attacked the institution as one of the Republican SEC commissioners between 2011 and 2015.
Another name that the Trump team considered for the SEC chairmanship was Paul Atkins. Atkins, CEO of financial consulting firm Patomak Global Partners, was a Republican member of the SEC Commission, like Gallagher. Atkins was also on Trump’s transition team in 2016. Atkins was among the names being considered for the SEC presidency at the time.
The third name Trump considered was Robert Stebbins, who served in the role of general counsel at the SEC.
This may take a few weeks.
The news also said that the names being finalized for financial regulators have not yet been presented to Trump and that the process could take several weeks.
Carolyn Levitt, Trump’s chief press officer, said: “Trump will make his decision soon. “Once the decision is made, the announcement will be made immediately,” he said.
Paris thinks not
On the other hand, it has been said that Hester Parris, one of the names discussed for the role, is not considering the SEC chairmanship. Paris was one of the names that strongly criticized the Gensler administration. Pierce, who is currently the SEC commissioner, is known in the crypto community as the “Mother of Crypto.”
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