Adrienne Harris Steps Down as Head of New York’s Financial Services Regulator

Adrienne Harris, the superintendent of the New York Department of Financial Services (NYDFS), has announced her resignation from the role. Harris assumed leadership of the agency in 2021, and during her tenure, she oversaw the regulation of the state’s financial services and insurance sectors, which included the supervision of cryptocurrency companies. Harris stated that she intends to pursue new opportunities in both the public and private sectors. Her successor has not yet been announced, but the Governor of New York is expected to select a candidate in the near future. The NYDFS has played a significant role in regulating the cryptocurrency industry, imposing stringent regulations on companies operating in this space. The industry will closely monitor who succeeds Harris and how this will impact future regulatory policy.