A former Coinbase policy lawyer has entered the race for New York attorney general, positioning himself as a crypto industry advocate. Khurram Dara faces incumbent Letitia James, who has aggressively pursued enforcement actions against cryptocurrency firms. The campaign highlights growing tensions between crypto interests and state regulators.
about Ex-Coinbase Lawyer Runs for NY AG Against Letitia JamesLetitia James
0 posts last weekEx-Coinbase Lawyer Challenges NY AG James in 2026 Race
Former Coinbase lawyer Khurram Dara has launched his campaign for New York attorney general, setting up a direct challenge to incumbent Letitia James in what’s shaping up as a referendum on New York’s aggressive crypto enforcement approach. Dara’s campaign centers on what he calls James’ ‘partisan lawfare’ against the cryptocurrency industry, arguing that New York’s enforcement climate has driven crypto companies, investment, and jobs out of the state while contributing to the state’s affordability crisis.
about Ex-Coinbase Lawyer Challenges NY AG James in 2026 RaceEx-Coinbase Lawyer Challenges NY AG Over Crypto Lawfare
Former Coinbase policy lawyer Khurram Dara has officially launched his campaign to unseat New York Attorney General Letitia James, setting the stage for a major political confrontation over cryptocurrency regulation in one of America’s most important financial markets. Dara accuses James of engaging in what he calls ‘lawfare’ against the cryptocurrency industry, framing the 2026 election as a referendum on New York’s approach to digital assets and financial technology.
about Ex-Coinbase Lawyer Challenges NY AG Over Crypto LawfareNYC Mayor Mamdani’s Crypto Stance After Prediction Market Win
Zohran Mamdani’s decisive victory in the New York City mayoral election was accurately predicted by crypto prediction markets, continuing their streak of forecasting major political outcomes. The 34-year-old democratic socialist’s win marks several historic firsts while signaling a cautious approach to cryptocurrency regulation. His administration is expected to prioritize consumer protection and environmental concerns over market expansion.
about NYC Mayor Mamdani's Crypto Stance After Prediction Market WinNY Proposes 0.2% Crypto Tax to Fund Opioid Crisis Fight
New York State Assemblymember Phil Steck introduced Bill A0966, proposing a 0.2% excise tax on cryptocurrency transactions to fund substance abuse programs in upstate schools. The tax, estimated to yield $158 million annually, applies to NFTs, mined assets, and stablecoins, leveraging Chainalysis data adjusted for New York’s GDP share. Steck’s memo cites crypto’s fraud risks (e.g., Gemini’s $50M settlement) and environmental concerns from mining. The bill aligns with states like Wyoming using crypto revenues for education, though NY’s DFS withheld transaction volume data. Critics argue the broad tax could impact NYC’s crypto hub status, home to firms like Circle and Galaxy Digital.
about NY Proposes 0.2% Crypto Tax to Fund Opioid Crisis FightNY AG Urges Stronger Stablecoin Regulations
New York Attorney General Letitia James has pressed Congress to strengthen pending stablecoin legislation, emphasizing the need for bank-like regulations and FDIC insurance to mitigate systemic risks. In a letter to lawmakers, she criticized the STABLE Act and GENIUS Act for insufficient safeguards, warning they fail to protect the public or the banking system. James urged careful drafting to balance innovation with financial stability, calling the U.S. banking system a global model that must be preserved.
about NY AG Urges Stronger Stablecoin RegulationsCitibank Denies $40K Fraud Reimbursement Amid Security Lawsuit
Citibank is embroiled in controversy after denying reimbursement to 88-year-old Lois Nadler, whose account was drained of $40,000 in an unauthorized transfer to Hong Kong. The bank asserts she authorized the transaction via phone, but Nadler disputes this, stating the funds were donations for her granddaughter’s surgery. The case adds fuel to ongoing legal battles, including a lawsuit by New York’s Attorney General accusing Citibank of failing to prevent fraud despite customer alerts. The bank’s security protocols are now under intense scrutiny as investigators review the incident.
about Citibank Denies $40K Fraud Reimbursement Amid Security LawsuitNew York Moves to Legalize Crypto Payments
New York is advancing toward crypto adoption with a new bill that would allow state agencies to accept cryptocurrencies like Bitcoin and Ethereum for payments such as taxes, fines, and penalties. The proposal, introduced by Assembly member Clyde Vanel, amends existing State Finance Law but does not mandate commercial adoption. Meanwhile, New York Attorney General Letitia James is urging federal lawmakers to establish a regulatory framework for crypto, including stablecoin oversight. The state, known for its strict BitLicense regime, is also exploring a crypto task force to assess regulations and combat scams. The bill still requires approval from the Assembly, Senate, and Governor Kathy Hochul before becoming law.
about New York Moves to Legalize Crypto PaymentsNY AG Warns Bitcoin Threatens U.S. Dollar Dominance
New York Attorney General Letitia James has raised concerns that Bitcoin’s growing use in cross-border transactions threatens the U.S. dollar’s supremacy in global finance. In a letter to Congress, she urged comprehensive crypto regulation, citing risks to economic influence and sanctions effectiveness. The warning aligns with a 2023 U.S. Government Accountability Office report, which highlighted digital assets’ potential to weaken dollar dominance. James also emphasized the need for anti-money laundering measures and stricter oversight. Meanwhile, political forces are pushing for stablecoin regulation, with crypto firms spending heavily to influence policy. Bitcoin remains resilient at $80,616 despite recent regulatory scrutiny.
about NY AG Warns Bitcoin Threatens U.S. Dollar DominanceNY AG Warns Bitcoin Threatens U.S. Dollar Dominance
New York Attorney General Letitia James has raised alarms over Bitcoin’s potential to weaken the U.S. dollar’s global supremacy, citing its use in cross-border transactions that bypass traditional fiat systems. In a letter to Congress, she urged swift regulatory action, warning that unchecked crypto growth could destabilize financial markets and reduce the effectiveness of U.S. sanctions. James also highlighted concerns over criminal misuse of digital assets, advocating for stricter AML rules and enforcement. The debate intensifies as crypto firms spend heavily on lobbying, and reports suggest the Trump administration may push a stablecoin bill by August. Despite regulatory scrutiny, Bitcoin remains resilient, trading around $80,616.72.
about NY AG Warns Bitcoin Threatens U.S. Dollar DominanceNYAG Urges Congress to Pass Federal Crypto Regulation
New York Attorney General Letitia James has urged congressional leaders to pass federal legislation regulating the crypto sector, warning that the lack of uniform rules fuels fraud, market instability, and criminal abuse. Her letter cites $12 billion in crypto fraud losses in 2024 alone and proposes measures such as mandatory registration for crypto firms, stablecoin reserve requirements, and AML-compliant platforms. James argues that federal oversight is critical to closing regulatory loopholes, enhancing transparency, and preventing digital assets from being exploited for illicit activities. The push follows recent DOJ enforcement restructuring and emphasizes the need for nationwide standards to protect retail investors and financial markets.
about NYAG Urges Congress to Pass Federal Crypto RegulationNew York Attorney General Seizes 2.2 Million in Crypto Employment Scam
New York Attorney General Letitia James has frozen $2.2 million in cryptocurrency linked to an employment scam that deceived victims nationwide. Scammers lured individuals with false promises of remote jobs, convincing them to buy stablecoins and deposit them into controlled accounts under the guise of legitimizing their work. James plans to notify the scammers of impending litigation by depositing NFTs into the wallets used for the theft, marking a first for state or federal regulators.
about New York Attorney General Seizes 2.2 Million in Crypto Employment Scam