Crypto Lawyer’s Ambitious Plan: A former policy counsel at Coinbase, Khurram Dara, is contemplating a bold move—running for the New York State Attorney General position in 2026. This decision could mark a significant shift in how digital assets are perceived and regulated in the state.
Dara, a Columbia Law School graduate, has hinted that his campaign might heavily focus on the role of digital assets. In recent statements to Cointelegraph, he emphasized the necessity of ending ‘lawfare,’ particularly in the crypto space. This signals a direct challenge to the current New York AG, Letitia James, who has been proactive in taking legal actions against various crypto entities.
Crypto Lawyer’s Vision for Change
Dara’s platform is rooted in the belief that state AGs should not act as de facto national regulators. He argues that the regulatory landscape should not be filled by state officials attempting to compensate for perceived gaps in federal policy. With New York being a pivotal commerce hub, home to companies like Gemini and Chainalysis, the role of the AG is crucial in shaping the future of digital asset regulation.
The current AG, Letitia James, has made headlines by targeting crypto platforms involved in fraud allegations, such as NovaTech. Her aggressive stance has been both praised and criticized, with some viewing it as necessary protection for New Yorkers, while others see it as overreach.
The Crypto Community’s Perspective
According to Dara, the crypto community in New York seeks fair treatment, not preferential policies. He argues that the state’s rich talent pool in crypto, tech, and venture capital should be embraced rather than stifled. The sentiment echoes that of other crypto advocates who have participated in political races, challenging the status quo.
John Deaton, a well-known lawyer for XRP tokenholders, previously ran against Senator Elizabeth Warren, underscoring a growing trend of crypto advocates entering the political arena. Dara’s potential candidacy represents another chapter in this ongoing saga, highlighting the intersection of law and digital finance.
As of now, Michael Henry, a Republican who previously lost to James, is the only other declared candidate for the 2026 New York AG race. Dara’s entry could shake up the field significantly, especially with his focus on crypto-related issues.
What Lies Ahead?
Whether Dara chooses to run remains undecided. However, his public support for figures like Roman Storm, a Tornado Cash co-founder, and his critiques of prominent politicians such as Elizabeth Warren, suggest he is positioning himself as a strong advocate for the crypto industry.
The political landscape in New York could be poised for change, especially as the state’s residents increasingly engage with digital assets. Dara’s campaign, if it materializes, will likely center on redefining the role of the AG in a digital world, ensuring that regulatory approaches are balanced and fair.
