Crypto Lobbying Group Endorses 32 Congressional Candidates in Midterm Elections

Crypto lobbying group Stand With Crypto has endorsed 32 incumbent congressional candidates for the November midterm elections.

The endorsements, first reported by Reuters, come as the Clarity Act stalls in the Senate amid opposition from some lawmakers. All the candidates endorsed voted last year to pass the bill out of the House of Representatives, and Stand With Crypto hopes to return those industry-friendly candidates to office.

Crypto companies say the legislation would give them long-sought legal clarity. The Clarity Act is a top policy priority for the crypto industry, which has already spent $170 million supporting congressional candidates during the 2024 elections, many of whom won their races.

Stand With Crypto launched in 2023 to jumpstart a grassroots advocacy campaign with the goal of advancing pro-crypto legislation. It aims to influence elections by organizing and mobilizing voters rather than through large campaign expenditures. The group says it has more than 3 million registered U.S. 'advocates.'