New York Finance Regulator Bullish on Crypto Despite Market’s Decline
— Month released guidance, Collectibles, Harris contrast, Unwise investment, See leadership, Transparency, Vanderford, Cryptocurrencies, New york state ’, Crypto — 1 min read
Adrienne Harris, head of the New York State Department of Financial Services, said she wants the regulator to continue to be a leader in cryptocurrencies. The regulator has issued more cryptocurrency-related licenses so far in 2022 than it did in all of 2021. Ms. Harris’s enthusiasm about digital assets comes as their values have declined steeply, along with the fortunes of the companies serving the upstart market. She said that the DFS hasn’t sacrificed “regulatory rigor” as it has welcomed new virtual-currency companies. The comments contrast with the views of the Attorney General Letitia James, who has repeatedly advised investors that cryptocurrencies are an unwise investment that pose “dangerous risks” Ms. Source