Bloomberg quoted sources as reporting that partners Richard Farley of Kramer Levin Naftalis & Frankel and Norm Champ of Kirkland & Ellis, among others, are among the potential candidates to succeed Gary Gensler as chair of the U.S. Securities and Exchange Commission (SEC). Besides, Robinhood Markets Inc.’s legal chief Dan Gallagher, incumbent SEC Commissioner Mark Uyeda and former Chair of the Commodity Futures Trading Commission Heath Tarbert are also under consideration. It is learned that members of U.S. President-elect Trump’s transition team and other advisors have started holding talks with potential candidates since the conclusion of last week’s general election. As discussions are still ongoing, it may take several weeks to confirm the final candidate, and the incoming SEC chair is expected to scale back regulatory oversight of the cryptocurrency industry. Bitcoin once surged above $81,000 recently, hitting an all-time high. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate beneficial owner. Both companies share the same ultimate beneficial owner, operate under the same Chinese management framework, and comply with the laws of Hong Kong and the Chinese mainland.