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Dan Gallagher

American lawyer; former U.S. Securities and Exchange Commission Commissioner (2011–2015), now Chief Legal, Compliance and Corporate Affairs Officer at Robinhood.

Jul 25, 2025

24:28
From your seat, what do you see as barriers – affecting Robinhood and your competitors and peers in the financial regulatory space? And how do they affect Robinhood? How does it affect Robinhood's customer base? And what are the policy responses that you'd like to see coming from Washington to foster AI?
24:48
Yeah, great question.
24:50
And, you know, sort of the macro answer is that the barrier for us at Robinhood with our primary regulators, right, with the SEC, with FINRA, I guess CFTC also now, since I last talked to you guys, we registered an FCM with the CFTC.
25:07
Um, and the States, um, and our, and now our international operations, all the rules and laws are written with human beings in mind.
25:16
Right.
25:16
And now some you could read to allow for technology or not.
25:20
Some might actually speak to human actions and regulating human actions.

7 MINS LATER

32:07
How does Robinhood think about all these pieces of the puzzle? And if you had your druthers, what would the best endgame scenario look like for you and the company?

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