The Financial Industry Regulatory Authority (FINRA) has appointed former CFTC Chair Rostin Behnam and Robinhood's Chief Legal Officer Dan Gallagher to its board. This strategic move, announced on January 8, aims to enhance FINRA's capability in navigating the evolving financial landscape, particularly in digital asset regulation. Behnam, who led the CFTC from 2021 to early 2025, was instrumental in advocating for federal oversight of cryptocurrencies and took significant enforcement actions against platforms like FTX. Gallagher, a former SEC commissioner, has been critical of the Biden administration's crypto policies and is considered a potential candidate for SEC chair. Their appointments underscore FINRA's focus on strengthening its regulatory framework for digital assets.
FINRA Appoints Crypto Policy Experts Behnam and Gallagher to Board
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