Crypto trade group chief to run for New York House seat

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WASHINGTON — The head of a crypto-focused trade association has decided to run for an open house seat from New York.

Michelle Bond, CEO of the Association for Digital Asset Markets, launched a campaign Thursday for a seat held by Republican Rep. Lee Zeldin. A member of the House Financial Services Committee, Zeldin is retiring after the current term of Congress to run for Governor of New York.

Bond, who will run as a Republican, previously served on the legal staff of the Senate Banking Committee as well as the Securities and Exchange Commission.

Launched in 2018, the Association for Digital Asset Markets has been one of many crypto-focused lobby groups to emerge in Washington in recent years, and its members include Galaxy Digital, Paxos, Anchorage, BitGo, and BlockFi. Bond has been CEO of the commercial group since 2020.

Latest Crypto Lobbying Effort on Capitol Hill Resulted in First Bipartisan Legislative Package to comprehensively deal with digital assets; the legislation was introduced by Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, DN.Y., earlier this month. Critics have complained that the regulatory framework is way too friendly to the emerging industry.

Bond’s campaign materials say she is “a strong supporter of President Trump’s America First mindset and policies”, according to a campaign website.

“Many candidates talk about what they would do in Washington, but Bond has already proven himself in business and in Washington,” the website says.

New York’s first congressional district, where Bond runs, is on Long Island and leans slightly Republican, according to the Cook Political Report. The seat was last held by a Democrat in 2015.

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