Crypto Assets lawyer Khurram Dara announces candidacy for New York Attorney General

[Crypto Assets lawyer Khurram Dara announces candidacy for New York Attorney General] Crypto Assets lawyer Khurram Dara will challenge the state's current Attorney General Letitia James, who is against Crypto Assets. Khurram Dara officially announced his candidacy on Thursday. He stated that his campaign will put an end to the phenomenon of the Attorney General's office being used as a political weapon, curb regulatory overreach, and transform New York back into a thriving hub of innovation. Dara's campaign platform includes limiting the use of the Martin Act by the Attorney General's office. This act is a nearly century-old New York State law that grants the Attorney General broad powers to investigate and prosecute financial misconduct with almost no procedural constraints. Critics argue that the act is often used as a political weapon rather than a neutral law enforcement tool. He also hopes to terminate the result-based payment agreements with private law firms. These agreements allow outside lawyers to take a portion of the compensation awarded from lawsuits initiated by the Attorney General's office. Opponents argue that such a system fosters politically motivated or overly aggressive litigation.