Ex-Coinbase lawyer announces run for New York Attorney General, citing crypto policy

Khurram Dara, a former coverage lawyer at cryptocurrency alternate Coinbase, formally launched his marketing campaign for New York State lawyer common.

In an announcement Friday, Dara cited his “regulatory and coverage expertise, particularly in crypto and fintech” as one of many causes he sought to oust Lawyer Common Letitia James in 2026.

The previous Coinbase lawyer had hinted at potential plans to run since August, claiming James had engaged in “lawsuits” towards the crypto business in New York.

Supply: Khurram Dara

Till July, Dara was head of regulatory and coverage at Bain Capital Crypto, the funding agency’s digital property arm. In response to his LinkedIn profile, he labored as a coverage advisor to Coinbase from June 2022 to January 2023 and beforehand labored at crypto firms Fluidity and Airswap.

James, who took workplace in 2019, has drawn criticism from many within the crypto business for submitting lawsuits on behalf of affected New Yorkers towards firms together with Genesis, KuCoin and NovaTech. Whoever takes on the function of New York’s lawyer common would have vital discretion in whether or not to file fees towards crypto firms.

Associated: New York AG urges Congress to strengthen protections for crypto notes

Dara, who mentioned he plans to run as a Republican, additionally echoed Mayor Zohran Mamdani’s current successful marketing campaign, citing New Yorkers’ considerations about the price of residing and affordability. Cointelegraph contacted Dara for remark however had not obtained a response at time of publication.

The lawyer who represented XRP holders can be working for workplace once more

Because the deadline approached for candidates for numerous workplaces to announce their nominations, former Massachusetts senatorial candidate John Deaton mentioned he would attempt to unseat one other Democrat.

Deaton ran towards Senator Elizabeth Warren in 2024 and misplaced by about 700,000 votes. Nevertheless, on November 10, he introduced that he would run once more as a Republican in an try and unseat Senator Ed Markey in 2026.

Deaton gained recognition within the crypto business by arguing on behalf of XRP holders within the U.S. Securities and Alternate Fee’s lawsuit towards Ripple.

Like Dara, Deaton will enter a race that largely favors Democrats: the final Republican to win a U.S. Senate seat for Massachusetts was in 2010. Each candidates are anticipated to face competitors of their respective Republican primaries.

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