Yesha Yadav, Professor of Law and Associate Dean at Vanderbilt Law School, sits down with Kaitlin Asrow, Acting Superintendent of the New York State Department of Financial Services, at CoinDesk's Policy & Regulation conference. Asrow explains how the NYDFS tripled its headcount and built crypto expertise in-house, and how it's turning federalism into active supervisory coordination across states. Plus: why last week's CLARITY vote changes nothing for New York, and where she sees tokenization and frontier-AI oversight heading over the next five years. - 00:00 Kaitlin Asrow Joins CoinDesk Live at Policy & Regulation 00:30 From the Federal Reserve to Acting Superintendent 02:30 Consumer, Steadiness, Innovation: The Priorities 04:00 Why New York Moved First — and 'States as the Laboratory' 06:00 How a Regulator Builds Crypto Expertise From Scratch 10:00 The New GENIUS Act Regulation That's 'Not New' 12:30 Solving the Federalism Puzzle 15:00 Swapping Staff With the Bank of England and the EBA 17:00 Her Hot Take on the CLARITY Vote — and Why NY Doesn't Blink 19:30 The Next Five Years: Tokenization and Frontier-AI Safety 22:00 Advice for the Room - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj