Departing NY regulator calls for crypto passporting between US, UK

Departing NY regulator calls for crypto passporting between US, UK

By CryptoSlate
Adrienne Harris, head of New York's top financial regulator, announced her resignation Monday after four years in the post, closing her tenure by calling for deeper cross-border alignment on crypto rules.

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**NY Crypto Regulator Adrienne Harris Resigns, Advocates for US-UK Digital Asset Harmonization**

Adrienne Harris, superintendent of New York's Department of Financial Services (NYDFS), announced her resignation Monday after leading the state's cryptocurrency regulatory framework for four years. Her departure marks a pivotal moment for digital asset oversight, as Harris championed innovative "crypto passporting" initiatives between the United States and United Kingdom.

During her tenure, Harris transformed New York's BitLicense program into a cornerstone of American cryptocurrency regulation, overseeing approval processes for major blockchain companies and DeFi protocols. Her final regulatory push emphasizes cross-border harmonization of digital asset rules, potentially streamlining Bitcoin, Ethereum, and altcoin operations across international markets.

The crypto passporting concept could revolutionize how cryptocurrency exchanges, blockchain startups, and digital asset custodians operate between US and UK jurisdictions. Harris's resignation comes amid growing institutional Bitcoin adoption and expanding regulatory clarity demands from the cryptocurrency industry.

Her legacy includes strengthening consumer protections while fostering blockchain innovation in New York's financial ecosystem. The cryptocurrency market awaits her successor's approach to digital asset regulation and continued international regulatory cooperation initiatives.

Article Details

Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Crypto#News

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