Approval is expected for Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission, to serve as Assistant Secretary of the Treasury for Financial Institutions. This role covers a wide-ranging policy area, including cybersecurity, bank regulation, credit unions, insurance, and consumer protection. Johnson’s nomination is set to be announced publicly soon, according to reports by Bloomberg. Additionally, Maxine Waters, a Democrat on the House Financial Services Committee, supports Johnson's appointment, emphasizing the importance of diverse leadership perspectives in addressing economic challenges. This nomination comes after Graham Steele left the post in January of this year. An official announcement about Johnson's nomination is forthcoming.