CandleFocus

Richard Farley to Replace SEC's Gary Gensler Under Trump?

Richard Farley, a prominent Wall Street lawyer, is being considered as a potential candidate to head the U.S. Securities and Exchange Commission (SEC) under former President Donald Trump if he wins the 2024 elections. Farley, known for his work on high-profile financial transactions and representing major banks, has joined the Trump transition team's shortlist of potential successors to the current SEC Chair, who is a crypto skeptic. Farley's deep connections within Republican circles, including Trump ally Robert F. Kennedy Jr., and his reputation as a knowledgeable finance expert and authority on SEC history, make him a strong contender for the role. Other potential contenders for the position include Robinhood's chief legal officer and former SEC commissioner Dan Gallagher.

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