Head of New York State Department of Financial Services resigns after 4 years

Adrienne Harris, superintendent of the New York State Department of Financial Services (NYDFS), is stepping down after 4 years.

On the 29th (local time), according to crypto (cryptocurrency) outlet Cointelegraph, Governor Kathy Hochul announced Harris's resignation and said she will appoint Deputy Superintendent Caitlin Asaro as acting superintendent starting on the 18th.

Harris supervised Wall Street banks and global insurers, as well as many crypto firms including Coinbase, Circle, and Paxos. She is also credited with playing a key role in establishing a stablecoin regulatory framework.