Internet reported that Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), resigned in May this year in the face of an investigation into the agency's toxic workplace culture. But Grunberg said he would remain in office until a successor was appointed and confirmed. The Trump administration is preparing to relax some regulation of the FDIC, which intensified bank scrutiny after the regional banking crisis erupted in 2023. For example, the agency has said it will adopt stricter scrutiny of bank transactions of a certain size. The Trump administration's top priority is to oust SEC Chairman Gary Gensler, who said he would fire him on his first day in office. One of the people Trump allies are considering replacing Gensler is Dan Gallagher, chief legal officer at Robinhood and a former SEC commissioner. Other candidates include Christopher Giancarlo, a senior adviser at Willkie Farr & Gallagher and former chairman of the Commodity Futures Trading Commission (CFTC). Christopher Giancarlo and Dalia Blass, a partner at the law firm Sullivan & Cromwell. (Jin Shi)