Core Viewpoint - Dan Gallagher, Robinhood's chief legal officer, is joining FINRA's Board of Governors, which includes other notable appointments, indicating a shift towards stronger regulatory oversight in the financial markets, particularly concerning digital assets [1][2]. Group 1: Appointment Details - Gallagher's appointment to FINRA's Board of Governors is part of a broader strategy to adapt regulatory approaches to meet the evolving needs of investors and the markets [4]. - The Board of Governors consists of 22 members, including 12 public members, 10 industry participants, and the CEO of FINRA, Robert Cook [3]. Group 2: Gallagher's Background and Influence - Gallagher has a significant background in regulatory affairs, having served as a commissioner at the SEC and as a critic of the federal approach to digital asset enforcement [2][5]. - His tenure at Robinhood has been marked by strong opposition to what he describes as "innovation-killing federal regulatory uncertainty" affecting the U.S. digital assets market [6]. - Gallagher's views suggest that current regulatory practices are detrimental to American consumers and innovation in the digital asset space, potentially harming the U.S.'s competitive position in this market [7].