According to PANews, the White House is set to nominate Kristin Johnson, a member of the U.S. Commodity Futures Trading Commission (CFTC), as the Assistant Secretary for Financial Institutions at the U.S. Department of Treasury. This information was revealed by an anonymous source familiar with the matter. The announcement of the nomination is expected to be made soon.
The position was previously held by Graham Steele, who resigned in January this year. The role of the Assistant Secretary for Financial Institutions is a crucial one, overseeing the Treasury Department's policies regarding financial institutions. The nomination of Johnson, if confirmed, would mark a significant appointment within the U.S. financial regulatory framework.