Regulator: New York Taking Strong Steps in Bid to Become World’s “Crypto Capital”
In the absence of unified federal legislation on cryptocurrencies, New York is establishing its own comprehensive regulations for the sector as it looks to become the world’s crypto capital.
Adrienne Harris, superintendent of the New York Department of Financial Services (DFS), is playing a key role in this endeavor, and she says her approach is grounded in experience, not ideology.
“I have never been a believer that you should have ideology in financial regulation,” Harris said during a discussion at last week’s Consensus conference, held from May 14 to 16 in Toronto.
“I really am a firm believer that you can protect consumers and markets, look after the safety and soundness of companies and be good for business all at the same…
