The White House plans to nominate CFTC Commissioner Kristin Johnson for an important position at the Treasury Department

ChainCatcher news, according to Bloomberg, informed sources have revealed that the White House is set to nominate Kristin Johnson, a Democratic commissioner of the Commodity Futures Trading Commission (CFTC), to the position of Assistant Secretary for Banking at the U.S. Department of the Treasury. This news is expected to be officially announced soon.

If confirmed, Johnson will play a significant policy-making role at the Treasury, responsible for coordinating with other financial regulatory agencies (including banking institutions, the U.S. Securities and Exchange Commission, and the CFTC), developing legislation, and participating in the formulation of cybersecurity policies. Given the limited Senate schedule, it is uncertain whether Johnson will be confirmed before the end of the year. If Johnson leaves the CFTC, it could lead to a stalemate at the agency, affecting the progress of rule-making efforts.