Stand With Crypto Backs 32 Congressional Incumbents Ahead of Midterm Elections

Stand With Crypto, backed by Coinbase, has endorsed 32 US congressional incumbents for November's midterm elections. The endorsements target lawmakers who supported crypto legislation in the House last year.

The CLARITY Act faces hurdles in the Senate and a procedural vote is scheduled for September 15, but it lacks the necessary votes to advance.

Crypto companies have spent nearly $200 million on the midterms, with Senator Kirsten Gillibrand calling for enforceable ethics rules covering President Donald Trump's crypto interests.