TechFlow News, September 26 — According to Coindesk, Adrienne Harris, head of the New York Department of Financial Services (NYDFS), said at a digital assets conference in Manhattan that federal legislation on cryptocurrencies would be welcome, but states should continue to play a role in regulating digital assets. She emphasized that NYDFS is more eager than anyone else to collaborate with federal partners and wants to see federal laws and regulations established, while also believing that states still have an important role to play in regulation.
Harris noted that New York's BitLicense framework has evolved over the past decade, making progress not only within the state but also serving as a reference for regulatory frameworks in places like Singapore and the European Union. She expressed optimism that relevant legislation might soon pass in both the House and Senate, and mentioned that NYDFS has engaged in discussions with both parties over the past few years. In addition, Harris stated that NYDFS hosts one of the largest crypto divisions globally, with 60 full-time employees dedicated to the cryptocurrency industry. She added that public acceptance of the BitLicense has improved since its launch, a shift she finds "encouraging."
