SEC Leadership in Flux: Gallagher Out, Atkins Leads Chair Race Odds

• Dan Gallagher withdraws, shifting SEC chair focus to Paul Atkins with 60% betting odds.
• Paul Atkins’ free-market stance fuels optimism for balanced crypto regulations.
• Ripple CEO criticizes Stebbins, highlighting industry concerns over SEC enforcement.

Dan Gallagher, Robinhood’s Chief Legal Officer, has withdrawn from consideration for the U.S. Securities and Exchange Commission (SEC) chair position. Once regarded as the top contender to replace Gary Gensler, Gallagher’s decision has redirected attention to other potential nominees, generating significant discussion in financial and cryptocurrency sectors.

Betting Odds Shift Toward Paul Atkins

Gallagher previously led betting markets, with Kalshi placing his chances at 61%. However, his odds declined rapidly, leaving the field open for other candidates.

Read also: SEC Scrutinizes Robinhood as Trump Eyes Dan Gallagher for Top Role

Now, Paul Atkins, CEO of Patomak Global Partners and a former SEC commissioner, leads the race. Markets have adjusted to reflect a 60% probability of Atkins taking the role, underscoring the rapid shift in expectations.

Atkins Gains Favor as a Reformist

Atkins i…

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