Bloomberg: Law firm partners Farley and Champ are among candidates to succeed Gensler as SEC chairman
On November 9th, according to Bloomberg, Richard Farley, a partner at Kramer Levin Naftalis & Frankel law firm, and Norm Champ, a partner at Kirkland & Ellis law firm, are among the candidates to replace Gary Gensler as chairman of the U.S. Securities and Exchange Commission. Other sources say that Dan Gallagher, the legal chief of Robinhood Markets Inc., current SEC commissioner Mark Uyeda, and former chairman of the Commodity Futures Trading Commission Heath Tarbert are also being considered. Sources say that former SEC commissioner Paul Atkins and Robert Stebbins, a partner at Willkie Farr & Gallagher law firm, are also in the running. Some sources say that members of President-elect Donald Trump's transition team and other advisors began meeting with potential candidates after the election. Discussions are ongoing and the candidates may not be determined for several weeks. Regardless of Trump's choice, the next chairman of the SEC may carefully review the major rules of the Gensler era that are still pending or not yet in effect, and seek to reduce regulation of the digital asset industry in compliance with securities laws.
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