State Senator Daniel A. Wolf, whose political career has been in limbo following a State Ethics Commission ruling this summer, said Monday he would end his campaign for governor.
The Harwich Democrat suspended his bid in August, three weeks after the commission ruled that his ownership stake in Cape Air, which has contracts with the Massachusetts Port Authority, put him in violation of the state’s conflict-of-interest ethics law.
That law prohibits state employees, including lawmakers, from having certain financial interests in state contracts.
The State Ethics Commission had agreed in September to consider possible changes to the conflict-of-interest rules that ensnared Wolf, leaving open the possibility that he could relaunch his gubernatorial campaign.
But in a statement Monday night, Wolf said that an Ethics Commission meeting in October made it clear “that no resolution, regardless of its form, will be reached for at least several more months, quite possibly longer.”
“Given that timing, I feel I have no option but to end my campaign for Governor,” he said.
The commission has, so far, allowed him to stay in office as a state senator, despite its original ruling that he needed to end the Hyannis-based airline’s contracts with Massport, divest himself of his stake in the company, or resign his state Senate seat.
Wolf, who ran his short campaign as a progressive candidate, said he ends his bid with “deep regret, but also with every hope that I will remain as State Senator from the Cape and Islands, continuing to advocate for our environment, social justice, public education, jobs that provide living wages, and economic opportunity.”