The White House is anticipated to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission, to serve as Assistant Secretary of the Treasury for Financial Institutions.
The Assistant Secretary position carries a very large policy portfolio, from banks to credit unions, from insurance to consumer protection, and with special emphasis on cybersecurity. The office is critical in shaping financial policy within the Treasury. Johnson’s nomination announcement is expected to be made public soon, as reported by Bloomberg.
Moreover, Johnson, who enjoys the backing of Maxine Waters, a Democrat on the House Financial Services Committee, is anticipated to enhance the Treasury’s ability to deal with economic issues by bringing different views and perspectives on board.
Waters’s letter, dated 2 May, supported Johnson’s Nomination and illustrated the significance of leadership diversity.
The nomination follows Graham Steele’s departure, who previously held the position until January of this year. An official announcement regarding Johnson’s nomination is anticipated to be made shortly.
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