“The American Fintech Council congratulates Jonathan McKernan on his nomination as Under Secretary of Domestic Finance at the U.S. Department of the Treasury.

“Throughout his career, Mr. McKernan has demonstrated a deep understanding of financial markets and regulation, coupled with a commitment to pragmatic policymaking. His leadership at the FDIC and experience across the Treasury Department, Federal Housing Finance Agency, and U.S. Senate have consistently reflected a focus on promoting responsible innovation, strengthening consumer protection, and improving the stability of our financial system.

“This appointment comes at a critical moment as the Treasury plays an increasingly central role in shaping the future of fInancial infrastructure—including open banking, digital assets, and real-time payments. Mr. McKernan’s thoughtful, measured approach to policy, as well as his deep understanding of the financial services landscape, will serve the Department well as it navigates these emerging challenges, opportunities, and the United States’ role in the global financial ecosystem.

“AFC looks forward to continued collaboration with Mr. McKernan and the Treasury team to advance a financial system that is secure, inclusive, and reflective of how consumers interact with financial services today.”

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