Robinhood CLO Dan Gallagher Exits US SEC Chair Race

Dan Gallagher, chief legal officer at Robinhood, who was a leading candidate considered for the position of SEC Chair, is not going to spearhead the U.S. SEC. He made a statement to CNBC that he has made it clear to relevant people that he is not interested in being considered for the role. Notably, Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo also recently shared that he has no plans to become the next US SEC Chair. Pro-crypto Paul Atkins is next in the race to replace Gary Gensler with Robert Stebbins under consideration as well.