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Gensler’s likely exit from the SEC sparks new discussions on crypto-friendly leadership options.
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If appointed, crypto-friendly figures Bondi and Atkins would change the SEC’s regulatory approach.
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Mark Uyeda, GOP Commissioner and SEC interim chair, may be appointed if Gensler steps aside.
Gary Gensler is reportedly preparing his resignation before the end of his current term in 2026.
Eleanor Terrett of FoxBusiness has noted that Gensler is likely to make an announcement after Thanksgiving, signaling his intention to leave in January. The timing could coincide with Donald Trump’s inaugural, adding urgency to discussions about the SEC’s future regulatory plans.
Candidates emerge as potential replacements
As Gensler’s departure is nearer, several names are emerging as possible successors. While former CFTC chairman Christopher Giancarlo denied any speculation about his possible nomination, other candidates are still being considered.
Top prospects include Robinhood’s Chief legal officer Dan Gallagher, Paul Atkins, a former SEC commissioner, and Bob Stebbins – a partner with Willkie Farr. Gallagher may reconsider his decision if approached, even though he has expressed satisfaction in his role at Robinhood. As new administrations form, political appointments are often rearranged.
Read Also: Trump Vows To Remove SEC Gensler And Supports Pro-Crypto Shift
Clayton is said to be backing Stebbins for the position. Stebbins is a close friend of former SEC chair Jay Clayton. Stebbins, who is not an expert in crypto, will likely align his regulatory approach to Trump administration policies despite the fact that he has no experience with crypto.
Atkins and Bondi are both experts in crypto regulations. They advocate a more lenient approach. Atkins, co-chair of the Token Alliance, and member of the board of the Digital Chamber of Commerce remains active in shaping the crypto policy. Bondi’s pro-crypto reputation is reinforced by his involvement in several DeFi projects.
Other Contenders & Interim Possibilities
In the policy and crypto circles, there are other names that have been mentioned. Potential candidates include former CFTC Chair Heath Tarbert and former Acting Comptroller-of-the Currency Brian Brooks. Former SEC Investment Management director Norm Champ is also considered. Champ recently stated his willingness to step in, which could increase visibility in the selection process.
Mark Uyeda, the current GOP SEC commissioner, has expressed interest in acting as chair if needed. Hester Peirce, the GOP commissioner, has privately stated that she will not be pursuing the position of chair.
