# Robinhood Exec is Reportedly Top Pick to Lead SEC under Trump

*Author: David Christopher*
*Published: Oct 7, 2024*
*Source: https://www.bankless.com/robinhood-sec*

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Robinhood Chief Legal Officer Dan Gallagher is seen as a leading candidate for the role of SEC Chair if Donald Trump is re-elected, [Politico](https://www.politico.com/newsletters/morning-money/2024/10/07/the-crypto-executive-who-could-soon-be-running-the-sec-00182663) reports.

## What's the Scoop?
- **SEC Investigation: **The SEC is investigating [Robinhood's crypto operations](https://www.politico.com/newsletters/morning-money/2024/10/07/the-crypto-executive-who-could-soon-be-running-the-sec-00182663), looking into whether the platform operates as an unregistered broker-dealer and clearing agency in crypto markets.
- **Gallagher’s Position:** Gallagher criticized the SEC's approach, arguing that Robinhood's limited crypto offerings put them in a strong compliance position compared to other platforms.

## Bankless Take:
Gallagher’s possible ascension to SEC Chair would place him in a unique spot — transitioning from defending Robinhood to leading the agency that has targeted it. While his placement is predicated on many “ifs,” *if* he is confirmed, this would likely mark a new chapter in the SEC’s handling of crypto regulation, moving toward more transparent, industry-friendly policies that Gallagher has publicly advocated for.