Director of the New York Department of Financial Services: The BitLicense system has been adopted to regulate cryptocurrency companies, with 60 staff members responsible for this work

According to Foresight News, Adrienne Harris, the head of the New York Department of Financial Services, stated at the Consensus 2025 conference that in the absence of a federal framework in the United States, New York's cryptocurrency regulatory system remains a guide for domestic and international regulatory agencies, including Congress. The encryption standards in the state have played a good role in preventing companies such as FTX from entering. New York State has established BitLicense to regulate cryptocurrency companies and has deployed 60 staff members to oversee this work.