A political advocacy group affiliated with Coinbase has endorsed 32 candidates running for U.S. House seats in the 2026 midterm elections, citing their positions on digital asset policy. Stand With Crypto, launched by the exchange in 2023, said the endorsements were designed to shape federal crypto regulation by supporting lawmakers it identifies as champions of the industry.
The organization targeted competitive races where its advocacy network could sway outcomes, emphasizing the growing influence of crypto voters. "Crypto Voters have become a durable, motivated voting bloc, which has the potential to swing key congressional races in the midterms," said Mason Lynaugh, executive director of Stand With Crypto, in a statement Monday.
The move coincides with heightened attention to crypto policy in Washington, where lawmakers are debating legislation that could define the industry’s regulatory framework. Stand With Crypto previously endorsed six candidates in March—three Republicans and three Democrats—all of whom advanced to the November election. In the 2024 cycle, crypto-backed groups and political action committees spent over $170 million supporting candidates they viewed as favorable to the sector, many of whom won their races.
The group estimates that more than 270 "pro-crypto" candidates were elected to Congress in 2025, potentially shaping votes on bills such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The legislative outlook remains uncertain, however, as the Senate prepares to consider the Digital Asset Market Clarity (CLARITY) Act. The House passed the bill with bipartisan support in July 2025, but the Senate’s review has been delayed by debates over ethics, tokenization, and stablecoin rewards.
The CLARITY Act is scheduled for a cloture motion when the Senate returns from recess on Sept. 15, though the chamber will have only 14 session days before adjourning ahead of the November election. If the bill advances, the Senate would have another 22 session days after the midterms to revisit it before 2027, at which point it could proceed to the president’s desk.
Last week, President Donald Trump publicly urged the Senate to pass a "fair version" of the CLARITY Act alongside several crypto industry executives. The push comes amid scrutiny of the Trump family’s financial ties to the sector, with a majority of Americans in a recent poll expressing concerns over the appropriateness of crypto investments.
