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2mo ago

Adrienne Harris to Leave NYDFS Oct. 17 as Kaitlin Asrow Becomes Acting Superintendent

Her four-year tenure elevated the regulator through stablecoin guidance, major recoveries, expanded consumer protections.

Adrienne Harris announced on Monday that she would step down from the New York Department of Financial Services.
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new york nydfs New York Department of Financial Services
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Overview

  • Gov. Kathy Hochul confirmed Harris will depart on Oct. 17, with Executive Deputy Superintendent Kaitlin Asrow taking over as acting chief on Oct. 18.
  • Asrow said she will prioritize consumer protection and maintain New York’s role in responsible financial innovation.
  • Under Harris, NYDFS issued first-of-its-kind guidance for U.S. dollar stablecoins and expanded BitLicense-era oversight with new coin-listing, analytics and supervision standards.
  • The department secured $2.1 billion in repayments from Gemini and levied large penalties on Coinbase, Paxos and other firms for compliance violations.
  • In a final interview, Harris urged a U.S.–U.K. passporting framework for crypto firms to streamline cross-border oversight and reduce duplicative approvals.