Federal Reserve Chairman Michael Hsu Chief Executive Officer of the United States Monetary Audit Office

According to the Wall Street Journal (WSJ), on May 4, US Treasury Secretary Janet Yellen will elect the Federal Reserve as treasurer. Apparently, Yellen has appointed Michael Hsu to replace Blake Paulson as director of the National Monetary Supervision Office. After Brian Brooks resigned in January, Paulson took on the role of CFO. Paulson continued Brooks' leadership in providing franchise licenses to crypto companies, and his efforts during Paulson's tenure were criticized by House Democrats.