As Congress continues to debate the future of crypto regulation, one state regulator is waiting for the federal government to catch up. The New York Department of Financial Services established a comprehensive framework to supervise the wildcat industry in 2015, and now its superintendent, Adrienne Harris, wants to ensure that the DFS' authority remains intact.
Speaking at Fortune's Future of Finance conference in New York on Thursday, Harris said she has advocated for legislation in Washington, specifically surrounding the key blockchain sector of stablecoins, though she's also lobbied for bills to maintain a strong role for states like New York.
