According to reports, US President Joe Biden plans to appoint Rostin Behnam to head the Commodity Futures Trading Commission (CFTC).
Since Biden took office in January, Behnam has acted temporarily as chairman of the Wall Street regulator.
Quoting sources who are not authorized to speak publicly, the White House recently decided to choose Behnam to hold the post for a long time.
It will take weeks to make a formal announcement, the report said.