NYDFS Chief Harris to Leave New York Regulator Next Month
Adrienne Harris, the Superintendent of the New York Department of Financial Services (NYDFS), will step down on October 17, 2025, after serving in the role since 2021. According to a statement from New York Governor Kathy Hochul, Harris announced her departure from the regulator on Monday.
Harris, a former White House special assistant under former President Barack Obama, will be succeeded by Kaitlin Asrow, the current Executive Deputy Superintendent of Research and Innovation at NYDFS. Asrow will serve as the acting head of the agency until a permanent replacement is appointed.
The news of Harris's departure comes as the regulator continues to navigate the complex landscape of financial regulation in New York. Under Harris's leadership, NYDFS was the first state regulator to issue specific rules for crypto firms with its landmark BitLicense, which came into effect 10 years ago.
In a statement, Governor Hochul praised Harris's tenure at NYDFS, saying: "Adrienne has been an invaluable member of our team and has played a critical role in shaping New York's financial regulatory landscape. Her dedication to protecting consumers and promoting innovation is unparalleled."
Harris's departure also raises questions about the future of NYDFS under new leadership. Some industry experts have expressed concerns about the potential impact on the regulator's efforts to regulate crypto firms.
"Adrienne has been a champion for consumer protection and financial inclusion," said Andrew Hinkes, a blockchain and cryptocurrency attorney at BakerHostetler. "Her departure will undoubtedly leave a void in the agency's leadership, but I'm confident that Kaitlin Asrow will continue to prioritize these important issues."
Others have praised Harris's commitment to innovation and her efforts to establish New York as a hub for financial technology.
"Adrienne has been a driving force behind NYDFS's efforts to promote fintech and crypto development in the state," said David Levey, a partner at law firm Morrison & Foerster. "Her departure will be felt throughout the industry, but I'm confident that her legacy will continue to shape the agency's work."
As Harris prepares to leave her post next month, NYDFS is expected to continue its efforts to regulate crypto firms and promote financial innovation in New York.
In a statement, Asrow said: "I am honored to take on this new role and look forward to continuing Adrienne's legacy of promoting consumer protection and financial inclusion. I am committed to working with industry stakeholders to ensure that NYDFS remains at the forefront of financial regulation."
The search for Harris's permanent replacement is expected to begin in the coming weeks, with Governor Hochul promising a thorough and transparent process.
Asrow will serve as acting head of NYDFS until a new superintendent is appointed. The agency has not yet announced a timeline for the selection process or the identity of potential candidates.
*Reporting by Coindesk.*
