Speculation is mounting over who will replace SEC Chairman Gary Gensler, who has been criticized for his regulatory approach to crypto. Former SEC member and Robinhood legal chief Dan Gallagher is emerging as a preferred candidate to lead the agency in a more crypto-friendly direction. Gallagher has criticized Gensler's strict regulatory stance and has advocated for specific regulations for digital assets. As SEC chairman, Gallagher aims to reduce ongoing litigation against crypto firms. However, there are concerns about potential conflicts of interest given his position at Robinhood. Current SEC member Mark Uyeda is also seen as a possible replacement.



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