HomeBusinessCoinbase-backed crypto advocacy group endorses 32 industry-friendly midterm candidates

Coinbase-backed crypto advocacy group endorses 32 industry-friendly midterm candidates

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Stand With Crypto, an advocacy group backed by crypto big Coinbase, on Monday endorsed 32 incumbent congressional candidates for the November midterm elections, as the {industry} cements affect in Washington.

The endorsements, first reported by Reuters, come as the Clarity Act, the crypto {industry}’s prime coverage precedence, stalls in the Senate amid opposition from some lawmakers. All the candidates endorsed voted last 12 months to cross the invoice out of the House of Representatives, and Stand With Crypto hopes to return these industry-friendly candidates to workplace. Crypto corporations say the laws would give them long-sought authorized readability.

Stand With Crypto’s 2026 marketing campaign builds on its 2024 effort, the first cycle that the group was lively, Mason Lynaugh, government director of Stand With Crypto, said in an interview.

Coinbase-backed Stand With Crypto’s endorsements come as the Clarity Act, the crypto {industry}’s prime coverage precedence, has stalled in the Senate. NHL Studio – inventory.adobe.com

“In 2024 we were very much proving that the crypto voter is real. In 2026 we’re very much showing that we have the organizing capacity and that our advocates are a true voting bloc that can move the needle,” said Lynaugh.

Coinbase launched Stand With Crypto in 2023 to jumpstart a grassroots advocacy marketing campaign with the aim of advancing pro-crypto laws. It goals to affect elections by organizing and mobilizing voters rather than through giant marketing campaign expenditures.

It says it has more than 3 million registered U.S. “advocates.”

Stand With Crypto endorsed six congressional candidates in March who are operating for reelection. Among the new raft of 32 endorsees are some of the {industry}’s key House allies, including Republicans Tom Emmer, and Bill Huizenga, and Democrats Ritchie Torres and Josh Gottheimer.

The crypto {industry} has already poured shut to $200 million into the November midterm elections, underscoring its muscle in Congress. Getty Images

Several of the 32 are operating in aggressive races, like Arizona Republican Juan Ciscomani and Pennsylvania Republican Brian Fitzpatrick.

“I think we can be the difference maker in some of these,” Lynaugh said. The group said it will announce its Senate endorsements nearer to Election Day.

The crypto {industry} spent $170 million supporting congressional candidates during the 2024 elections, many of ​whom won their races. That helped it rating a victory last 12 months when Congress handed the Genius Act, which created guidelines for dollar-backed crypto tokens called stablecoins, doubtlessly boosting ‌their adoption.

The sector has already poured shut to $200 million into the November midterm elections, underscoring its muscle in Congress. Much of that has been directed through Fairshake, a main tremendous political motion committee created to support pro-crypto ​candidates.

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