The bustling hive of New York finance has a new taste in its mouth, a dash of melodrama, as Governor Kathy Hochul announced that Adrienne Harris has slipped off the DFS throne after four jaunty years in the saddle. It’s the sort of development that makes a Wall Street ticker tape seem almost coyly theatrical, and one cannot help but raise an eyebrow at the timing-with the calendar doing its best opera-house routine and Harris bowing out like a star mid‑curtain call.
“It has been a privilege and an honor to serve New Yorkers, delivering positive outcomes for consumers; cementing DFS as a global regulatory leader; and transforming the Department’s operations,” Harris noted. 🤹♂️ A modest string of sentences, perhaps, but with the right sort of sparkle to justify a round of claps and a cigarette‑paper bow.
Kaitlin Appointed as Head of New York DFS
Governor Hochul appointed Kaitlin Asrow as the acting superintendent of New York’s DFS starting October 18, 2025. Asrow is expected to lead the state of New York through the changing financial system with the help of innovative technologies such as digital assets. In other words, she’ll drive the thing with more gadgetry than a Christmas cracker and a calculator in the same pocket. 💼✨
“I am committed to ensuring that New York remains the global financial capital, a leader in consumer protection, and a hub for responsible financial innovation,” Asrow noted. 🧭
How Did Harris Impact the Crypto Market?
During her four-year tenure, Harris played a crucial role in enabling New York to become a major crypto hub through clear regulatory frameworks. According to Governor Hochul, Superintendent Harris hired more than 60 experts who prevented rogue crypto firms-such as FTX, Celsius, and Voyager-from operating in New York. A tidy bit of stalwart policing, like a bobby with a very long hat and an even longer to-do list. 🕵️♀️
The past four years of Harris have also been marked with enforcement actions against crypto firms such as Gemini crypto exchange which returned $2.1 billion to consumers. As Harris departs from the New York DFS, she has urged a closer cooperation between crypto firms in the United States and the United Kingdom. 🔒💷
Right before she announced her departure from the New York DFS, Harris called for borderless relations between crypto markets in the U.K. and in the U.S. 🗺️
“Can’t speak for how the folks in DC are thinking about what might come of this cooperation, but I think that passporting could be really interesting,” Harris noted. 🚦✈️
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2025-09-29 22:09