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As we approach what will undoubtedly be a new era for federal crypto regulation, this state watchdog head has some advice for companies: Start engaging now.
“Never surprise your regulator,” New York Department of Financial Services Superintendent Adrienne Harris said at the Blockchain Association Policy Summit earlier this month.
“We are by nature risk-adverse people,” she added. “We don’t like to be surprised, so come in and talk to us proactively.”
Waiting until there is already an enforcement action underway to meet with regulators is a mistake, Harris said….
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