Cryptocurrency lawyer Khurram Dara will challenge the state's anti-cryptocurrency attorney general, Letitia James. Khurram Dara, who formally announced his candidacy on Thursday, said his campaign would end the use of the attorney general's office as a political weapon, curb regulatory overreach and reinvent New York as a place of innovation.
Washington, D.C. Attorney General Brian L. Schwalb on Monday announced a lawsuit against Athena Bitcoin, Inc., accusing the bitcoin ATM operator of long ignoring scams targeting elderly residents and failing to disclose high fees. The company, which operates 4,100 bitcoin ATMs in five countries, was charged with two counts of violations of the Consumer Protection Procedures Act, including deceptive and unfair trading practices. Athena was also charged with financial exploitation of vulnerable ad...
On August 21 local time, the New York State Court of Appeals rejected the judgment of US President Donald Trump to be fined about $500 million for civil fraud. Trump wrote on his social platform "Real Social" that he greatly respects the court's "courage to overturn this illegal and shameful ruling", which is "a witch hunt like never before" from a business perspective. On the same day, the New York Attorney General's Office appealed the appeals court's rejection of the ruling.
US President Trump tweeted that he won a big victory in the case of New York State Attorney General Letitia James! I have great respect for the court's courage to overturn this illegal and shameful decision, which harms business throughout New York State. Others are afraid to do business there. Including interest and fines, the amount is more than $550 million. In a business sense, this is a witch hunt, never seen before. This is a case of city and state government meddling in elections, they ar...
According to journalist Eleanor Terrett, Khurram Dara, a veteran lawyer in the cryptocurrency field, is preparing to seek the Republican nomination to run for the position of New York State Attorney General. Dara, 36, could go head-to-head with incumbent Democratic Attorney General Tish James.
Market news: Florida Attorney General investigating Robinhood's (HOOD. O) efforts to promote cryptocurrency trading.
In an eight-page letter, Letitia James, New York's attorney-general, warned Congress that the Senate-passed GENIUS Act of 2025 "lacks the necessary guardrails to protect the American people". In an eight-page letter, James urged Congress to slow down stablecoin legislation and "take the time to craft a bill that promotes innovation while protecting our globally envied banking system". In his latest letter, James mentioned...
According to the Wall Street Journal, a coalition of 21 state attorneys general is suing the Trump administration, accusing it of cutting federal funding.
The US attorney general has said that President Donald Trump's administration will use the "Hobbs Act" in California. It is reported that the "Hobbs Act" is a federal law in the United States, which is mainly used to crack down on crimes such as extortion and robbery that affect interstate commerce. If the government invokes the act, it usually means intervening in local affairs with federal powers, which may involve the use of law enforcement resources or military force to deal with so-called "...
Coinbase recently obtained and made public a batch of internal communications from the Securities Exchange Commission (SEC) through the Freedom of Information Act (FOIA), which revealed that the New York State Attorney General's Office asked the SEC to explicitly recognize Ethereum (ETH) as a security during the 2023 lawsuit against KuCoin. Shamiso Maswoswe, director of the New York Department of Investor Protection, said in a letter that he hoped the SEC would file an amicus curiae opinion to s...