Stand With Crypto Backs Congressional Candidates Ahead of Midterms
Stand With Crypto, an industry-aligned advocacy group launched by Coinbase in 2023, has announced its support for several US congressional candidates ahead of the midterms. The organization is backing Senate candidates including Ohio Republican Jon Husted and Iowa Republican Ashley Hinson, as well as House candidates like Mariannette Miller-Meeks from Iowa and Shomari Figures from Alabama.
The endorsements reflect a strategy of aligning electoral outcomes with regulatory priorities, particularly support for the Digital Asset Market Clarity (CLARITY) Act. This bill aims to provide clarity on market structure but has faced procedural setbacks in the Senate. Stand With Crypto had warned lawmakers who did not support the bill could face consequences, framing the moment as a high-stakes inflection point for future legislative direction.
The group's announcement comes amid ongoing uncertainty around whether Democrats can regain control of either chamber of Congress in 2027, which could determine what happens to major bills affecting crypto market structure. The election becomes a mechanism for shaping the legislative agenda rather than simply choosing representatives.