Gary Gensler may step down as SEC Chair before 2026.

• Gensler’s likely SEC exit sparks fresh discussions on crypto-friendly leadership possibilities.
• Pro-crypto figures Bondi and Atkins could shift SEC’s regulatory stance if appointed.
• GOP Commissioner Mark Uyeda may serve as interim SEC Chair if Gensler steps down.

Gary Gensler, the current SEC Chair, is reportedly preparing to step down before his term ends in 2026.

As highlighted by Eleanor Terrett, Journalist FoxBusiness, it is likely that Gensler will make an announcement post-Thanksgiving, signaling his intent to leave in early January. The timing could align with Donald Trump’s inauguration, adding urgency to discussions on the SEC’s regulatory future.

Candidates Emerge as Potential Replacements

As Gensler’s possible exit draws closer, several names have emerged as potential successors. Although former CFTC Chairman Christopher Giancarlo dismissed any speculation about his nomination, other candidates remain under consideration. 

Robinhood’s Chief Legal Officer Dan Gallagher, former SEC Commissioner Paul Atkins, and Bob Stebbins, a partner at Willkie Farr, are seen as top prospects. While Gallagher has expressed satisfaction with his role at Robinhood, he may reconsider if approached. Political appointments often shift as new administrations take shape.

Read also: Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift

Stebbins, a close ally of former SEC Chair Jay Clayton, is reportedly backed by Clayton for the position. Although not particularly experienced in crypto, Stebbins is expected to align his regulatory approach with Trump administration policies.

Conversely, Atkins and Bondi, both knowledgeable in crypto regulations, advocate for a more lenient stance. Atkins, who co-chairs the Token Alliance and serves on the board of the Digital Chamber of Commerce, remains active in shaping crypto policy. Bondi, having advised several DeFi projects, reinforces his pro-crypto reputation.

Other Contenders and Interim Possibilities

Beyond the main candidates, additional names have circulated within policy and crypto circles. Former CFTC Chair Heath Tarbert, former Acting Comptroller of the Currency Brian Brooks, and former SEC Investment Management Director Norm Champ are considered potential options. Champ recently expressed his readiness to step in if requested, which could increase his visibility in the selection process.

Meanwhile, current GOP SEC Commissioner Mark Uyeda has shown interest in serving as acting chair if necessary. However, GOP Commissioner Hester Peirce has privately indicated she is not pursuing the chair position.