The brand-new guv of New York, Kathy Hochul, has actually chosen previous Obama authorities Adrienne Harris to direct the Department of Financial Services (DFS) in the state, following the current resignation of her predecessor at the NYDFS, Superintendent Linda Lacewell.

Hochul, who presumed workplace following the departure of Andrew Cuomo, contacted Harris to take control of at the department, following her time as an unique assistant for financial policy to Barack Obama, and senior consultant to the deputy secretary of the Treasury Department.

Harris, who presently works as a senior consultant at PR company Brunswick Group, was estimated by the Wall Street Journal stating her goal in the post was “to guarantee we have a robust and reasonable monetary system, and a fair economy.”

Harris has actually not gone on record with her views on digital currency and blockchain much in the past, however existed at an online forum to talk about federal government assistance for the emerging fintech sector throughout her time dealing with the Obama administration.

The turn of occasions follows the significant resignation of previous guv Andrew Cuomo following numerous claims of sexual attack. Cuomo’s candidate for the function, Superintendent Lacewell, who likewise resigned with the modification of guv, had complete authority to provide BitLicense in the state. She is credited with streamlining the procedure of licensing in the state “to decrease concerns on market while securing customers.”

Any consultation to the head of the NYDFS needs approval from the State Senate prior to they can presume workplace. With the brand-new guv having actually now made the election, it is anticipated that Harris will be provided the all-clear to presume post in the coming days.

Those running certified activities in New York will be keeping a cautious eye, with a view to establishing how the inbound head of the DFS plans to approach digital currency and blockchain policy.

Watch: SEC Commissioner Hester Peirce talks about “Blockchain Policy Matters” with Bitcoin Association’s Jimmy Nguyen

New to Bitcoin? Have a look at CoinGeek’s Bitcoin for Beginners area, the supreme resource guide to get more information about Bitcoin– as initially imagined by Satoshi Nakamoto– and blockchain.


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