Richard Farley, a prominent Wall Street lawyer with ties to finance giants like Goldman Sachs, is reportedly being considered to lead the SEC if Donald Trump returns to office. Known for his work in leveraged finance, Farley is a partner at the New York law firm Kramer Levin Naftalis & Frankel, where he co-heads the Leveraged Finance Group, advising major financial institutions such as Credit Suisse and UBS.

Pro-Crypto Shift Expected

The Trump team is reportedly considering a pro-crypto SEC chair to reshape the agency’s approach to digital assets. Current SEC Chair Gary Gensler’s term concludes in 2026, but Trump’s team has expressed interest in appointing new leadership earlier to bring a focus on regulatory clarity and consumer protection.

Farley’s Connections and Potential Influence

Farley’s connections within GOP finance circles could bolster his candidacy. His wife, Chivacci “Chele” Farley, is a prominent GOP finance figure, and his ties to Trump ally Howard Lutnick further support his chances.

Crypto-Positive Candidates Also in Consideration

Other potential candidates include Dan Gallagher, Robinhood’s Chief Legal Officer, and Chris Giancarlo, former CFTC chair known as “CryptoDad” for his positive stance on digital assets. Current SEC Commissioner Hester Peirce, also crypto-friendly, is under consideration as well.