New York financial services, Adrienne Harris, will leave the regulator next month, she announced on Monday.
Harris, a former special assistant of the White House under former President Barack Obama, will leave NYDFS on October 17, 2025, said New York Governor Kathy Hochul in a statement. The Deputy Executive Director of the Nydfs of Research and Innovation, Kaitlin Asrow, will take over as an acting agency manager. The NYDFS was the first regulator of the State to issue specific rules for cryptographic companies with its historic Bitlingge, which entered into force 10 years ago.
In the statements, Hochul and Harris thanked themselves, Hochul saying that Harris worked “every day so that our financial system works for New Yorkers, while rebuilding the department in a regulator adapted to the financial capital of the world”.
Harris took office as an acting superintendent in August 2021, after Hochul appointed him to this role, and was confirmed by the Senate of New York State the following January.
“It’s like yesterday and there is a life, at the same time,” said Harris about his four -year mandate earlier on Monday during an appearance at Digital Asset Compliance & Market Integrity Summit organized by Solidus Labs.
Meanwhile, she said, the NYDFS had published 11 different regulatory guidance pieces to strengthen the historic bitling of the regulator.
“The industry had already changed so much from 2015 to 2021 when I arrived, it was really important that we are starting to add meat to the bones of the regulations,” she said.
This included advice for treating stablescoins, blockchain analysis and parts lists, among other information, she said.
“I think it is a real testimony to what we have done on DFS that the people of the two chambers of the Congress, the people on both sides of the aisle, come to us for our technical expertise, to obtain advice, for modifications, a large part of which has been incorporated – not all – but in the current bill on the structure of the market,” she said.
The NYDFS also undertook surveys and application measures, notably in the Binance Dollar Stablecoin (Busd) published by the Stablecoin Paxos firm following an investigation dating from 2023.
