Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse

Stand With Crypto, the advocacy organization established by Coinbase in 2023, announced a bipartisan roster of House and Senate endorsements on Wednesday. The rollout intensifies the group’s electoral campaign approximately a month ahead of the November midterms and just two weeks following the Senate’s rejection of the Clarity Act.

The organization evaluates candidates according to their stances on digital asset policy, doing so “regardless of party.” The newly revealed slate features the group’s inaugural Senate picks across three separate contests:

• In Ohio, the group is supporting Republican Sen. Jon Husted, who is competing against former Senate Banking Committee Chair Sherrod Brown, a persistent critic of cryptocurrencies.
• In Iowa, the organization endorsed Republican Rep. Ashley Hinson in her Senate campaign.
• In New Hampshire, it backed Democratic Rep. Chris Pappas in his race against former GOP Sen. John Sununu.

For the House of Representatives, the endorsements include Iowa Republican Mariannette Miller-Meeks and Alabama Democrat Shomari Figures. Additionally, the group stated it will increase advertising efforts across six House campaigns. This strategy expands upon an initial wave of endorsements from August, when Stand With Crypto backed 32 House incumbents designated as “proven digital asset policy champions.”

This political push comes at a notable time, following the collapse of the Clarity Act and the pointed warnings the lobbying organization previously issued to legislators who opposed the bill. Last month, the Senate blocked the legislation in a 49-50 vote, with Democrats acting as a unified bloc over apprehensions surrounding President Donald Trump’s cryptocurrency business ventures.