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NYDFS Superintendent Adrienne Harris Shifting Regulator 'Away From Enforcement,' Legal Expert Says

Reed Smith LLP counsel Hadas Jacobi, who also previously worked for the New York State Department of Financial Services (NYDFS) Office of the General Counsel and Enforcement, discusses how Superintendent Adrienne Harris has shifted the regulator "away from enforcement and towards expanding the department's crypto group," with the addition of roughly 60 staff members. "It's a huge deal," Jacobi added.

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New York's Crypto Stance Shows 'There's a Grown-Up in the Room' Regarding Regulations: Legal Expert

New York's financial regulator wants tougher restrictions on crypto coin listings for companies regulated in the state, especially if they target retail clients. Hadas Jacobi, Reed Smith LLP counsel, who also previously worked for the New York State Department of Financial Services (NYDFS) Office of the General Counsel and Enforcement, discusses her reaction to the proposed updated guidelines issued by the regulator Monday.

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