Lynn Malerba is set to become the first Native American to serve as U.S. treasurer. She is "lifetime chief of the Mohegan Tribe," The Hill reports.
"I am honored and humbled by [U.S. Treasury] Secretary [Janet] Yellen and the Biden Administration's commitment to ensuring that all voices are heard by Treasury as we work together to create an equitable and just society," Malerba said in a statement.
"It is especially important that our Native voices are respected. This appointment underscores this Administration's commitment to doing just that. I am excited to serve our communities as Treasurer and for the work ahead."
Malerba previously served in the Treasury Department's Tribal Advisory Committee. She will also direct the newly established Office of Tribal and Native Affairs that will communicate with tribal nations, and oversee tribal policy.
"Her name will be the first signature seen on U.S. currency belonging to a Native woman and tribal leader in the nation's history," The Hill reports. "Malerba will also oversee the U.S. Mint and Fort Knox and will work closely with the Federal Reserve as a liaison."
U.S. Treasury Secretary Janet Yellen said she is "deeply honored" by Malerba's "historic appointment."
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