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Adrienne Harris, who took bureau successful 2021, volition permission the New York Department of Financial Services connected Oct. 17.
Sep 29, 2025, 8:53 p.m.
New York Department of Financial Services Superintendent Adrienne Harris volition permission the regulator adjacent month, she announced Monday.
Harris, a erstwhile White House peculiar adjunct nether erstwhile President Barack Obama, volition depart NYDFS connected Oct. 17, 2025, New York Governor Kathy Hochul said successful a statement. NYDFS Executive Deputy Superintendent of Research and Innovation Kaitlin Asrow volition instrumentality implicit arsenic acting caput of the agency. NYDFS was the archetypal authorities regulator to contented circumstantial rules for crypto firms with its landmark BitLicense, which came into effect 10 years ago.
In statements, Hochul and Harris thanked each other, with Hochul saying Harris worked "every time to marque our fiscal strategy enactment for New Yorkers, portion besides rebuilding the Department into a regulator acceptable for the fiscal superior of the world."
Harris first took bureau arsenic the acting superintendent successful August 2021, aft Hochul nominated her to the role, and was confirmed by New York's authorities legislature the pursuing January.
"It feels similar yesterday and a beingness ago, each astatine the aforesaid time," Harris said of her four-year tenure earlier Monday during an quality astatine the Digital Asset Compliance & Market Integrity Summit hosted by Solidus Labs.
In that time, she said, NYDFS had issued 11 antithetic pieces of regulatory guidance to bolster the regulator's landmark BitLicense.
"The manufacture had already changed truthful overmuch from 2015 to 2021 erstwhile I came in, it felt truly important that we commencement to adhd nutrient to the bones of the regulation," she said.
This included guidance for dealing with stablecoins, blockchain analytics and coin listings, among different pieces of information, she said.
"I deliberation it's a existent testament to what we've done retired of DFS that folks successful some chambers of Congress, folks connected some sides of the aisle, travel to america for our method expertise, for advice, for edits, overmuch of which person been incorporated — not each — but into the existent marketplace operation bill," she said.
NYDFS besides undertook investigations and enforcement actions, including into the Binance dollar stablecoin (BUSD) issued by stablecoin steadfast Paxos pursuing an investigation dating backmost to 2023.
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What to know:
- At a associated roundtable of the Securities and Exchange Commission and the Commodity Futures Trading Commission successful Washington, the SEC main spoke astir however overmuch crypto is the starring argumentation country they request to determination guardant on.
- The roundtable was astir harmonizing rules betwixt the agencies that person often been at-odds, including implicit attraction of integer assets.
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