Trump Pick: Wall Street Lawyer Considered For SEC Chair
Richard Farley, a prominent partner at Kramer Levin Naftalis & Frankel in New York, is being considered as a potential candidate for the position of chair at the US Securities and Exchange Commission (SEC) under the incoming President Donald Trump. With his extensive experience in high-stakes finance, particularly in leveraged finance, and his role as co-head of Kramer Levin’s Leveraged Finance Group, Farley has emerged as a top contender for this influential role.
Notably, his strong political ties and alignment with the GOP, along with his connections to influential figures in Trump's inner circle, bolster his candidacy. The potential shift in SEC priorities and stance on cryptocurrency under a new leadership, particularly in favor of relaxed regulatory conditions in the crypto sphere, has garnered attention. Farley is one of several finalists for the position, and the selection of the next SEC chair will significantly impact the regulation of digital assets and shape the future of the industry.