Robinhood's Chief Legal Officer Dan Gallagher withdraws from SEC chair consideration amid crypto industry pressure.

Robinhood's Chief Legal Officer, Dan Gallagher, has withdrawn his name from consideration to become the next chair of the Securities and Exchange Commission (SEC) under the Trump administration. Gallagher's decision leaves other candidates, such as former SEC commissioner Paul Atkins and Teresa Goody Guillén, as potential contenders for the role. His withdrawal comes amid the cryptocurrency industry's push for changes in SEC policy.

November 22, 2024
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