Adrienne Harris, director of the New York Department of Financial Services (NYDFS), said federal crypto legislation is welcome, but states should retain regulatory responsibilities. Adrienne Harris said: "We are probably more eager than anyone to work with federal partners and see federal legislation and regulation come in, I think it is very important that legislation is passed and regulation is developed, but states should still retain their regulatory role." Adrienne Harris said she was "optimistic" that the House and Senate could move forward with legislation soon, noting that the NYDFS had held conversations with members of both parties in both chambers over the past few years.