Adrienne Harris will abandon her post as director of the New York Financial Services Department (NYDFS, ending a four-year period that she put in the Wall Street Monitoring Center and in digital currency in the United States.
For its part, governor Kathy Hochul announced on Monday that Kaitlin Asrow, who will hold the position of temporary director – on October 18 – will replace Harris, and Azrow has spent the last four years in licenses and monitoring of digital asset companies as an executive deputy director for the director of research and innovation in agency.
During her work period in the organizational organization, AZRO helped build one of the largest digital asset surveillance teams in the world, because she previously worked in the Federal Reserve and the Innovation Center for Financial Services, now known as Financial Health Network.
After four years of transformative leadership, Superintendent Adrienne A. Harris made the deception to leave the NYDF.
As the longest superintent in the history of the DFS, she leaves behind a more resilient and more resilient Redfined DFS by a daring vision, a modern policy and a real impact. pic.twitter.com/d75nrt6hav– NYDFS (@nydfs) September 29, 2025
Harris took over the NYDFS in 2021 during the growth period
The New York Financial Services Department (NYDFS) was created in 2011 to monitor a wide range of entities, including international banks, insurance companies, mortgage lenders, money transfer companies and digital currency companies, which operate as part Bitlident in New York. Its range of regulations also includes a number of major entities such as JPMorgan Chase, Parclays, Deutsche Bank, as well as digital asset suppliers such as Quépase, Circle and Paxos.
Harris assumed the position of manager in 2021 and quickly became one of the most eminent organizers in the CREPTO sector, because it has widened the department’s virtual currency unit of three employees to more than 60 specialists, in order to create what is considered the largest section to supervise digital currencies in the world.
The New York Financial Services Department issues the first American standard for stable currency supported by dollars
Harris approach has combined consumer protection and the supply of clear directives to companies. Under its management, the NYDFS published eight organizational directives, including the first American standards of stable currencies supported by dollars, and included rules related to the treatment of customer assets during bankruptcy and blockchain analysis practices to combat financial crimes.
Harris also updated the Bitlidense system which was presented for the first time in 2015, where it modified the policies linked to the inclusion and deletion of currencies in addition to clarifying the rules linked to “listed” currencies, and he also sought the framework to include stable currencies issued on platforms such as Ethereum and Sollana, where these changes Federal proposals and international discussions on digital assets.
Supporters believe that his leadership has placed New York as a global reference in digital asset regulation, while criticisms have underlined the burden on compliance with which startups are often seen in New York the most difficult market in terms of entry.
The global coordination of the market structure increases regulatory requests
The departure of Harris comes at a time when the pressure on the financial organizers increases, because they must achieve a balance between innovation and organizational protection, and the prosperity of stable currencies and discussions on the digital currencies of central banks and the world talks on the structure of the market stress the importance of driving at the state level in the formation of American policy.
At the same time, the appointment of Azrou indicates continuity, in particular in the field of digital assets, because its experience in the capacity building of digital money companies will play a decisive role and extreme expectations to lead the agency during its next phase, while the sector is faced with rapid growth and an increase in audit needs.
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