**News Flash: John Avlon's Crypto Stance in NY Congressional Race**

John Avlon, a Democrat and former CNN anchor, is running for New York’s 1st Congressional District. Avlon, who has never held elected office, aims to unseat incumbent Republican Nick LaLota. His campaign emphasizes the need for clear regulations in the digital currency industry, advocating for legislation like the Financial Innovation and Technology of the 21st Century Act.

Avlon supports stablecoin regulation, the potential development of a US central bank digital currency (CBDC), and a clear framework for DeFi. He believes Congress should ensure consumer protection without stifling innovation. Avlon's stance on digital assets could influence voters in the upcoming election.