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Stock impact report

Trump vowed to oust SEC Chairman Gary Gensler, and these crypto advocates could take his place [Yahoo! Finance Canada]

Robinhood Markets, Inc. - Class A (HOOD) 
While Trump in July promised to fire Gensler on day one of his second administration, he technically can't remove Gensler (without cause) until his term ends in 2026. But at the center of the president-elect's focus for hiring a new SEC chief is the issue of cryptocurrency. Among the people that some are speculating could take Gensler's place is Dan Gallagher Reuters reported . He previously worked as an SEC commissioner and is currently the chief legal, compliance and corporate affairs officer of Robinhood Markets. Gallagher has criticized Gensler's SEC and asked for changes to the way the agency approaches crypto regulation. In September, Gallagher spoke before Congress during a hearing titled “Dazed and Confused: Breaking Down the SEC's Politicized Approach to Digital Assets.” During his prepared remarks Gallagher called out Gensler and said the SEC has fostered “innovation-killing federal regulatory uncertainty.” “The SEC has engaged in regulation by enforcement, which is b Show less Read more
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