President Donald Trump is set to name his pick for the next Securities and Exchange Commission (SEC) chair tomorrow, according to sources reported by FOX Business’ Eleanor Terrett.
This comes as Trump prepares to follow through on a campaign promise: firing Gary Gensler on day one of his presidency. Gensler, who has already announced his resignation effective January 20, leaves behind a stormy legacy shaped by his relentless crackdown on crypto and his aggressive regulatory agenda.
🚨NEW: @realDonaldTrump’s pick to replace @GaryGensler as @SECGov Chair could be announced as soon as tomorrow, sources tell @FoxBusiness. Stay tuned 📺.
— Eleanor Terrett (@EleanorTerrett) December 3, 2024
Former SEC commissioner Paul Atkins is among the potential candidates
Trump’s shortlist of candidates includes former Commissioner Paul Atkins, Robinhood’s Chief Legal Officer Dan Gallagher, Willkie Law Firm Partner Robert Stebbins, and current Securities and Exchange Commission Commissioner Mark Uyeda.
Whoever gets the nod will likely change how the commission approaches cryptocurrencies, financial markets, and corporate oversight.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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