Ex-Coinbase Lawyer Dara Runs NY AG Race to End Crypto Lawfare
Khurram Dara, former Coinbase policy counsel and Bain Capital Crypto advisor, officially launched his 2026 New York Attorney General campaign. He vows to curb aggressive crypto lawfare under the Martin Act and reduce regulatory risks for digital asset firms. His platform proposes limiting AG powers, banning contingency-fee deals with private law firms, and fostering innovation in the crypto industry. Business leaders, including MoonPay’s Keith Grossman, have backed his pro-innovation stance. Dara must secure at least 25% support at the GOP convention or collect signatures to qualify for the primary against Michael Henry. Additionally, XRP advocate John Deaton has entered the 2026 Senate race in Massachusetts, underscoring a trend of crypto-linked political campaigns. Traders should track potential shifts in crypto regulation and policy enforcement in New York, as outcomes could affect market stability for digital assets.
Neutral
This news is categorized as neutral because while Khurram Dara’s campaign signals a potential shift in crypto regulation in New York—possibly reducing enforcement risk—any market impact remains uncertain and contingent on his success in the GOP convention and general election. Short-term trading is unlikely to react sharply to a political announcement, but longer-term, successful policy changes could be bullish for digital assets by creating a friendlier regulatory environment. Traders should monitor election developments and regulatory proposals before adjusting positions.