Coinbase-Backed Group Endorses 32 House Candidates for U.S. Midterm Elections

3–5 minutes

Last Updated:

August 25, 2026

Coinbase-Backed Group Endorses 32 House Candidates for U.S. Midterm Elections

Coinbase-Backed Group Endorses 32 House Candidates for U.S. Midterm Elections

Stand With Crypto, the Coinbase-backed advocacy group, endorsed 32 incumbent House candidates for the November midterm elections, tying its slate directly to lawmakers who voted to pass the CLARITY Act out of the House in July 2025.

The Candidates Backed by Stand With Crypto

All 32 endorsed candidates voted for the CLARITY Act when it passed the House, and Stand With Crypto said it wants to return what it calls “industry-friendly candidates” to office. 

The slate spans both parties, including Republicans Tom Emmer, Bill Huizenga, and Warren Davidson, alongside Democrats Ritchie Torres and Josh Gottheimer. 

Several endorsees are running in competitive races, including Arizona Republican Juan Ciscomani and Pennsylvania Republican Brian Fitzpatrick. 

This builds on an earlier slate of six bipartisan candidates the group endorsed in March, all of whom have since advanced from their primaries to compete in November. 

Stand With Crypto says its endorsements are based specifically on candidates’ digital asset policy positions, and it will announce its Senate endorsements closer to Election Day.

Stand With Crypto executive director Mason Lynaugh framed the 2026 push as the group’s political operation maturing. “In 2024 we were very much proving that the crypto voter is real,” Lynaugh said. 

“In 2026 we’re very much showing that we have the organizing capacity and that our advocates are a true voting bloc that can move the needle.” 

Coinbase launched Stand With Crypto in 2023 specifically to organize and mobilize voters rather than rely primarily on large campaign expenditures, and the group says it now has more than 3 million registered US advocates.

Why the CLARITY Act Still Matters to This Push

The CLARITY Act remains the crypto industry’s top legislative priority, and it’s currently stalled in the Senate. 

A procedural cloture vote is scheduled for September 15, once the Senate returns from its August recess, and as of this announcement, the bill doesn’t appear to have secured the 60 votes needed to advance. Our earlier coverage of the CLARITY Act’s Senate timeline covers the procedural mechanics behind that vote in more depth. 

If the Senate does pass the bill after the midterms, it would still need to return to the House before potentially reaching the president’s desk.

The bill has faced a series of setbacks, including a dispute between banks and the crypto industry over how stablecoin rewards should be treated, as well as separate concerns about illicit finance risks. 

Its most recent complication involves how the legislation should address President Trump’s own crypto holdings, which have grown to hundreds of millions of dollars in value tied to World Liberty Financial and his official memecoin. 

In July, Trump agreed to an ethics provision barring public officials and their spouses from issuing or sponsoring digital assets, though Democrats criticized that provision for limiting enforcement solely to the Justice Department.

Senators Ruben Gallego and Thom Tillis have since proposed a bipartisan expansion that would extend enforcement to state attorneys general, though that proposal had not received Trump’s approval as of this reporting.

Senator Kirsten Gillibrand, one of the bill’s lead negotiators, has pushed for a stronger version of the ethics provision, citing a Reuters and Ipsos poll finding that 63% of Americans believe Trump’s crypto profits are not appropriate.

“We can pass smart, clear rules for digital assets and shut down presidential self-dealing at the same time,” Gillibrand said. “There must be an enforceable ban, and any market structure bill that leaves enforcement solely in the hands of the president’s own Justice Department and allows him to profit from crypto isn’t a reform.” She added, “It’s a permission slip.”

The Money Behind the Push

The crypto industry spent roughly $170 million supporting congressional candidates during the 2024 elections, many of whom went on to win their races, contributing to the passage of the GENIUS Act, which established federal rules for dollar-backed stablecoins. 

The industry has already directed close to $200 million toward the 2026 midterms, much of it channeled through Fairshake, a major crypto-focused super PAC created to support pro-crypto candidates.

One specific example illustrates how targeted that spending can get. Fairshake spent $12 million in Ohio in 2024 backing Republican Bernie Moreno, who defeated Sherrod Brown, a former Senate Banking Committee chair known for skepticism toward the industry. Money has reportedly begun ramping up again to support Republican Senator Jon Husted, who is set to face Brown in a rematch this November

What Comes Next

Stand With Crypto’s Senate endorsements, expected closer to Election Day on November 3, 2026, will show whether the group extends this same strategy to the chamber where the CLARITY Act is actually stalled. The September 15 cloture vote remains the more immediate test of whether the bill can move at all before the midterms shape the next Congress.

What this means for you: this endorsement slate signals where organized crypto political spending is concentrating attention this cycle, but it doesn’t change the CLARITY Act’s current status in the Senate, where the more concrete question remains whether the bill can secure 60 votes on September 15, not which candidates a single advocacy group has chosen to back.

Join our growing community

Rickie Sanchez

Author

Rickie Sebastian Sanchez is a content writer and researcher with four years of experience covering the crypto markets. His work has appeared in outlets including Blockzeit, CryptoFlash.Report, Cryptomaten, and CoinAlarm.ai, where he has built a reputation for clear, research-driven reporting on fast-moving market developments. At UseTheBitcoin, Rickie focuses on crypto and TradFi news, airdrop guides, and newsletter management. He holds multiple certifications from Binance Academy and is also a completer of Bitget’s Blockchain4Youth Learning Hub Program. Rickie holds BTC.