New NY Gov. faucets former Obama official to go state’s monetary regulator
Kathy Hochul, the governor of New York who has been in workplace for under per week because the departure of Andrew Cuomo, has nominated Adrienne Harris to guide the state’s Department of Financial Services.
According to a Tuesday Wall Street Journal report, Hochul tapped Harris to guide the New York Department of Financial Services, or NYDFS, following the resignation of superintendent Linda Lacewell. Harris is presently a senior advisor on the PR agency Brunswick Group, however previous to that was a Special Assistant for Economic Policy to U.S. President Barack Obama and a senior advisor to the Deputy Secretary of the Treasury Department.
Harris has had few public statements on the crypto and blockchain area, however she was a part of an Obama-era assembly with leaders within the fintech ecosystem to discuss authorities assist for the sector. According to the Wall Street Journal, she goals “to ensure we have a robust and fair financial system, and an equitable economy” in her doable position on the NYDFS.
Former New York governor Cuomo resigned on Aug. 10 after a number of allegations of sexual harassment, paving the best way for Hochul to take workplace two weeks later. Lacewell, first nominated by Cuomo in 2019, served because the state’s monetary regulator for 2 years and had the total authority to difficulty Bitlicenses to crypto and blockchain corporations looking for to function within the state. She helped streamline the method for licensing in an effort “to reduce burdens on industry while protecting consumers.”
Related: NYDFS faucets former DOJ legal professional as deputy digital currency chief
The potential NYDPS should be confirmed by the state senate earlier than she takes workplace.