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The head of New York regulation advises crypto companies to actively respond to regulation

Adrienne Harris, head of the Department of Financial Services in New York, said at the Ripple Swell event that cryptocurrency companies should be open and proactive in their dealings with regulators. She stressed that regulators don't like surprises, and companies should keep regulators informed of their actions through open communication, rather than letting regulators learn about problems from the news, to avoid falling into a passive situation.