A new top candidate has emerged in the race to replace Gary Gensler
Stebbins served as the SEC's general under former boss Jay Clayton over the period from May 2017 to December 2020.Dan Gallagher, Robinhood's chief legal officer, has long been rumored to be the top contender to take the reins of the agency.
According to various media reports, there are also some other names that are currently in the mix. These include Paul Atkins of Patomak Global Partners, Richard Farley of Kramer Levin Naftalis & Frankel, Norm Champare of Kirkland & Ellis, and current SEC Commissioner Mark Uyeda.Meanwhile, the cryptocurrency community is currently awash with speculation about Gensler's seemingly imminent resignation.
The cryptocurrency community is, of course, waiting for Gensler's departure with bated breath since there is a very strong possibility of a much friendlier regulatory regime. As , former SEC official John Reed Stark expects the SEC to drop all non-fraud cryptocurrency cases after the changing of the guard.
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