The White House is set to nominate Commodity Futures Trading Commission's Kristin Johnson to a top position at the U.S. Treasury Department, Bloomberg reported on Thursday.

The Democratic CFTC Commissioner is up for a spot as the Assistant Secretary for Financial Institutions after receiving support last week from House Financial Services Committee Ranking Democrat Maxine Waters of California.

The announcement of Johnson's nomination is expected to be made public soon, Bloomberg reported citing people who asked for anonymity to speak on the topic. Johnson did not immediately respond to a request for comment from The Block.

The Treasury's Office of Financial Institutions helps form policy, with a focus on cybersecurity, and the assistant secretary oversees a policy portfolio that …