CandleFocus NYDFS 'More Eager Than Anyone' for Federal Legislation, Chief Says
2024-09-26
Author: Content Editor
New York Department of Financial Services Superintendent Adrienne Harris has expressed her support for federal legislation on cryptocurrencies, but emphasized that states should continue to play a role in regulating digital assets. Harris believes that allowing states to regulate digital assets has not led to a "race to the bottom" in terms of oversight, and states have been able to move quickly in regulating the industry. Harris also highlighted the evolution of New York's BitLicense, which has served as inspiration for regulatory regimes in other countries. NYDFS has one of the largest crypto units in the world and has 60 full-time staff dedicated to the sector.
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