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>>Ex‑Coinbase attorney confronts the New York Attorney General over crypto lawfare, and he may have a chance to succeed.

Ex‑Coinbase attorney confronts the New York Attorney General over crypto lawfare, and he may have a chance to succeed.

crypthub

about 5 hours ago

Candidate Announcement

Former Coinbase policy lawyer Khurram Dara has entered the 2026 New York Attorney General race as a Republican challenger to incumbent Democrat Letitia James. He filed his campaign Thursday, pledging to end “lawfare,” curb aggressive crypto enforcement, and improve the state’s business climate. Dara urges donors to support his effort to reduce regulatory costs and address affordability pressures.

Critique of Current Enforcement

Dara argues James’s crypto crackdowns have pushed companies, investment and jobs out of New York, inflating costs for residents. He cites actions against Gemini, Tether, DCG, Genesis and others as examples of over‑reaching use of the Martin Act. His platform calls for limiting the Act’s scope and banning contingency‑fee arrangements that encourage excessive litigation.

Professional Background

Until July, Dara was regulatory and policy principal at Bain Capital Crypto and previously worked at Fluidity, AirSwap and Coinbase during its 2022 SEC investigation. Those experiences shaped his view that unchecked regulatory overreach harms innovation. His resume positions him as an insider familiar with the industry’s legal battles.

Political Landscape

James, in office since 2019, faces a third‑term bid amid recent federal mortgage‑fraud charges she calls political. Business leaders have welcomed Dara’s pro‑innovation stance, while other crypto‑aligned candidates, such as lawyer John Deaton, are also entering 2026 contests. Dara must secure 25% of the GOP convention vote or enough petition signatures to appear on the primary ballot.