Stand With Crypto Backs 32 Lawmakers Who Supported CLARITY Act

Stand With Crypto has endorsed 32 House lawmakers who supported the CLARITY Act during its passage through the chamber last year. The group's endorsements focus on incumbents from both major parties, with some members facing competitive contests in November.

The CLARITY Act aims to divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission while setting rules for crypto exchanges and other market participants. The bill has been held up in the Senate amid disputes over stablecoin rewards, decentralized finance oversight, anti-money laundering requirements, and ethics restrictions involving government officials' crypto holdings.

Coinbase-backed Stand With Crypto claims more than 3 million registered U.S. advocates, with plans to announce its Senate endorsements closer to Election Day. The group's endorsements are tied to the lawmakers' votes on the CLARITY Act, rather than their party membership.