The sitting governor of New York Kathy Hochul has introduced the departure of Adrienne Harris as the pinnacle of the Division of Monetary Providers (DFS). After 4 years of service on the DFS, Harris stepped down on Monday, September 29.
“It has been a privilege and an honor to serve New Yorkers, delivering constructive outcomes for customers; cementing DFS as a world regulatory chief; and reworking the Division’s operations,” Harris famous.
Kaitlin Appointed as Head of New York DFS
Governor Hochul appointed Kaitlin Asrow because the appearing superintendent of New York’s DFS beginning October 18, 2025. Asrow is anticipated to guide the state of New York by the altering monetary system with the assistance of modern applied sciences akin to digital belongings.
“I’m dedicated to making sure that New York stays the worldwide monetary capital, a pacesetter in client safety, and a hub for accountable monetary innovation,” Asrow famous.
How Did Harris Impression the Crypto Market?
Throughout her four-year tenure, Harris performed an important function in enabling New York to grow to be a serious crypto hub by clear regulatory frameworks. In line with Governor Hochul, Superintendent Harris employed greater than 60 consultants who prevented rogue crypto companies – akin to FTX, Celsius, and Voyager – from working in New York.
The previous 4 years of Harris have additionally been marked with enforcement actions towards crypto companies akin to Gemini crypto change which returned $2.1 billion to customers. As Harris departs from the New York DFS, she has urged a more in-depth cooperation between crypto companies in america and the UK.
Proper earlier than she introduced her departure from the New York DFS, Harris referred to as for borderless relations between crypto markets within the U.Ok. and within the U.S.
“Can’t converse for a way the parents in DC are eager about what would possibly come of this cooperation, however I feel that passporting might be actually attention-grabbing,” Harris famous.
