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3d ago

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

She departs after urging US–UK crypto passporting to spur closer cross-border oversight.

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 announced Harris’s departure effective Oct. 17 and named NYDFS research and innovation chief Kaitlin Asrow acting superintendent starting Oct. 18.
  • Harris’s four-year tenure, the longest in the department’s history, elevated NYDFS’s national profile as a state crypto watchdog.
  • NYDFS issued roughly 11 guidances that fleshed out the BitLicense framework, including directives on stablecoins, blockchain analytics, and coin-listing policies.
  • The agency pursued high-profile actions that included penalties against Coinbase and Paxos, blocking FTX, Voyager, and Celsius from New York, and securing $2.1 billion in repayments from Gemini.
  • Harris also advanced consumer protections by modernizing Community Reinvestment Act standards, tightening oversight of buy now/pay later, and cutting check-cashing costs by more than $22 million.