How the state’s new finance regulator is approaching the booming crypto scene

New York’s Department of Financial Services is a watchdog for banks and insurers with total assets in the trillions. Adrienne Harris took over as its acting superintendent in August and was confirmed to the role in January. Her title makes her one of the top cryptocurrency watchdogs in the nation. She also oversees the polarizing BitLicense that for seven years has been required for cryptocurrency firms to operate exchanges in New York. As lawmakers in Albany debate crypto issues—such as whether to ban some forms of mining—Harris has pledged to improve the way her department handles BitLicense applications.

What are DFS’ priorities over the next six months?


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