NYDFS Head Adrienne Harris Announces Resignation

Comparatively, Adrienne Harris, head of the New York State Department of Financial Services (NYDFS), announced her resignation on September 29, ending her four-year term. During her tenure, she promoted the establishment of a virtual currency supervisory authority and issued guidelines for cryptocurrency listing and stablecoin supervision, strengthening enforcement actions against Genesis, Gemini, etc. Governor Kathy Hochul has appointed Kaitlin Ascrow, the former Deputy Head of the Innovation Department, to take over as acting head on October 18. Harris said in a statement that his tenure “fought for consumers' rights and strengthened New York's leading position in the field of global regulation.”