On November 9th, according to Bloomberg, people familiar with the matter said that Kramer Levin Naftalis & Frankel law firm partner Richard Farley and Kay & Ellis law firm partner Norm Champ are among the candidates to replace Gary Gensler as chairperson of the Securities Exchange Commission. Other people familiar with the matter said that Dan Gallagher, legal director of Robinhood Markets Inc., current Securities Exchange Commission commissioner Mark Uyeda and former Commodity Futures Trading Commission chairperson Heath Tarbert are also being considered. Also competing are former Securities Exchange Commission commissioner Paul Atkins and law firm Willkie Farr & Gallagher partner Robert Stebbins, according to people familiar with the matter. Elected, members of President Donald Trump's transition team and other advisers began talks with potential candidates after the election, according to some people familiar with the matter. Discussions are still ongoing, and candidates may not be identified for several weeks. Regardless of Trump's choice, the next Securities Exchange Commission chairperson is likely to scrutinize key Gensler-era rules that are pending or not yet in effect, and seek to reduce regulation of the digital asset industry to comply with securities laws.