Group 1 - Robinhood's chief legal officer, Dan Gallagher, is joining FINRA's Board of Governors, alongside three other appointments, including a former CFTC chairman [1][2] - Gallagher is recognized as a strong advocate for crypto regulation reform and has been critical of the current enforcement approach towards digital assets [2][5] - The new appointments aim to help FINRA adapt its regulatory approach to better meet the evolving needs of investors and the financial markets [3] Group 2 - Gallagher has a history with the SEC, having served as a commissioner from 2011 to 2015, and was previously considered for the SEC Chair position after the 2024 presidential election [3][4] - During his time at Robinhood, Gallagher has publicly criticized the SEC's regulatory approach, claiming it stifles innovation and harms American consumers seeking access to digital assets [5][6] - Other new members of FINRA's Board of Governors include Rostin Benham, Tim Carter, and Heather Traeger, bringing diverse experience from various sectors [7][8]