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White House to Nominate Kristin Johnson as Assistant Secretary for Financial Institutions

The Big Whale

10 May 2024 — 1 min read

The White House plans to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission (CFTC), for the role of Assistant Secretary for Financial Institutions at the U.S. Treasury Department. Johnson received support from Maxine Waters, the Ranking Democrat of the House Financial Services Committee, and her nomination is expected to be announced soon. The Assistant Secretary for Financial Institutions oversees policy related to banks, credit unions, insurance, and consumer protection, with a focus on cybersecurity. The position was previously held by Graham Steele, who left in January. Johnson's expertise includes areas such as data privacy, artificial intelligence (AI), and digital assets. She has been recognized for her efforts to maintain the integrity of financial markets and advocate for rigorous standards. Waters has urged President Joe Biden to nominate Johnson for the role.

Sources :

- TheBlock

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