New York Governor Kathy Hochul announced Monday that Adrian Harris will step down as superintendent of the state Department of Financial Services (DFS) after four years of service.
Kaitlin Asrow, currently the Deputy Director of Research and Innovation, will assume the role of effective supervisor on October 18th, 2025. Hochul praised Harris for strengthening DFS’ consumer protection and regulatory frameworks.
Arris, appointed in August 2021, has restructured the DFS into a more assertive financial regulator. She expanded consumer protection, recovered more than $725 million in reparations for New Yorkers, and positioned the agency as the global leader in crypto surveillance.
Under her tenure, DFS expanded the cryptocurrency unit to one of the world’s largest supervisory teams, introduced guardrails for insurance artificial intelligence, and introduced high level of equity in financial services. Harris also became the first DFS leader to sit on the US Financial Stability Monitoring Council, giving the institution a stronger voice in the federal monetary policy debate.
Joined DFS after serving as a senior policy advisor to the Federal Reserve, Asrow led the department’s work on Fintech and digital assets. She helped regulate the growing roster of crypto companies and regulate guided policies on financial inclusion and innovation.
- breakdown: Cryptocurrency and market decoding. every day.
- 0xResearch: Alpha in your inbox. Think of it like an analyst.
- Empire: Code news and analysis to start your day.
- Forward guidance: The intersection of cryptographic, macros, and policies.
- drop: Apps, games, memes, etc.
- Light Speed: All Solana.
- Supply shock: Bitcoin, Bitcoin, Bitcoin.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
