U.S. Securities and Exchange Commission Chair Gary Gensler. Photo: Jeenah Moon/BloombergAm Law 100 Partners on Trump’s Short List to Replace Gensler as SEC Chair
“Gensler’s framework will continue to exist and be an option for whoever sits at the SEC going forward,” said Dorothy Lund, a leading expert on securities regulation and professor at Columbia Law School.
November 18, 2024 at 03:30 PM
4 minute read
What You Need to Know
- Gary Gensler is expected to step down from his role as the chair of the U.S. Securities and Exchange Commission.
- President-elect Donald Trump has several people on his short list, including at least three partners at Am Law 100 firms.
- A leading securities expert said Gensler’s cryptocurrency enforcement strategy could provide long-term value for whoever is next to lead the SEC.
As Gary Gensler is likely to step down from his role as the chairman of the U.S. Securities and Exchange Commission before President-elect Donald Trump takes office on Jan. 20 due to his regulatory action on digital assets, insiders say at least three Am Law 100 firm partners may be on Trump's short list for the role: Brad Bondi of Paul Hastings, Norm Champ of Kirkland & Ellis and Robert Stebbins of Willkie Farr & Gallagher.
Dorothy Lund, a leading expert on securities regulation and professor at Columbia Law School, said that although Gensler’s action on cryptocurrencies throughout the Biden administration was widely criticized for its aggressive regulation by enforcement, it will have long-term value for the agency.
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