Crypto Regulator Adrienne Harris Resigns as Head of DYDFS

Supervisor Adrian Harris of crypto regulators and New York Department of Financial Services (NYDFS) will leave the office in October, according to a statement Monday by New York Governor Kathy Hochul.

Harris was named Hochul in 2021, leading the DFS, the longest service superintendent of the department, helping to build and establish the state cryptocurrency units as the leading crypto regulatory body.

“Serving New Yorkers is a privilege, an honor, and positive outcomes for consumers. We will solidify DFS as a global regulatory leader and transform the operation of our department,” Harris said in a statement.

Current executives in the department, Aslow, Aslow, Aslow, Research & Innovation, will enable Harris’s posting on October 18th.

“During her time with the Federal Reserve, Financial Health Network and DFS, Kaitlin is well suited to guide the department into the future. Our great nation continues to be at the heart of responsible innovation, expanding access to affordable financial services for all New Yorkers,” Gov. Hochul said in a statement.

New York is known for its stricter crypto regulations compared to other states. This is primarily thanks to Bitlicense, a licensing framework established in 2015 that is necessary to implement cryptocurrency operations in the state.

Although established prior to his appointment, the department maintained a strong arm of crypto compliance during his tenure. The department handed over enforcement action Robin Hood and Coinbase And for violations of compliance in 2022 and 2023, The first US regulator to provide guidance For US dollar-supported stubcoin and its issuer.

Harris, who was also the first representative in New York for the US Council on Financial Stability and Surveillance, Politics She’ll think “it takes a little while” before deciding what she wants to do as a pro next time.

“I would like to thank you for your four years of service at DFS and for working the New Yorker financial system every day and restructuring the sector to regulators suitable for global financial capital,” Gov. Hochul said.