Coinbase-backed Stand With Crypto has endorsed 32 House lawmakers seeking reelection in November after each supported the CLARITY Act during its passage through the chamber last year.
Summary
- Stand With Crypto endorsed 32 incumbent House members from both major parties.
- Every endorsed lawmaker voted for the CLARITY Act when it passed the House.
- The group says it has more than 3 million registered advocates across the United States.
- Crypto groups have committed close to $200 million during the 2026 midterm cycle.
Stand With Crypto ties 32 endorsements to CLARITY vote
Reuters reported Monday that Stand With Crypto had selected 32 incumbent members of Congress for its latest endorsement round ahead of the Nov. 3 midterm elections.
All 32 lawmakers voted for the Digital Asset Market Clarity Act when the House passed the proposal in July 2025. The legislation would 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.
By using the House vote as a central test, the group has tied its election activity to a specific legislative record rather than party membership. Its latest list includes Republicans Tom Emmer of Minnesota and Bill Huizenga of Michigan, as well as Democrats Ritchie Torres of New York and Josh Gottheimer of New Jersey.
Stand With Crypto Executive Director Mason Lynaugh told Reuters that the organization wants to return lawmakers who supported the bill to Congress. The group plans to announce its Senate endorsements closer to Election Day.
“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 to organize people who support digital asset legislation. Unlike a super political action committee, the organization says its election work centers on voter outreach and mobilization rather than large independent campaign expenditures.
The group currently claims more than 3 million registered U.S. advocates, up from the 2.7 million cited when Lynaugh discussed its campaign plans in May. At that event, crypto.news covered its midterm strategy, which initially included endorsements for six House incumbents.
Bipartisan list includes lawmakers in competitive races
Several lawmakers in the latest group are running in districts where the November result could be close, increasing the potential value of volunteer outreach and voter mobilization.
Arizona Republican Juan Ciscomani and Pennsylvania Republican Brian Fitzpatrick are among the endorsed members facing competitive contests, according to Reuters. Lynaugh said Stand With Crypto could become “the difference maker” in some of the races, though the group has not disclosed any forecast for their outcomes.
Huizenga, another member of the endorsed group, secured the Republican nomination in Michigan’s 4th Congressional District earlier in August. Defend American Jobs, the Republican-aligned affiliate of Fairshake, spent nearly $512,000 supporting him, according to campaign finance data compiled by Tech Influence Watch.
During the same round of primaries, several Fairshake-supported candidates advanced in Washington state. Democratic Representatives Suzan DelBene, Kim Schrier and Marilyn Strickland won their party primaries, while Republican Amanda McKinney also moved forward, as detailed in an Aug. 5 report on Fairshake-backed primary victories.
Torres has also received support from crypto-linked political groups during the election cycle. Protect Progress, Fairshake’s Democratic-aligned affiliate, spent about $1.5 million supporting his reelection campaign ahead of the New York primary, while Fellowship PAC reportedly added roughly $300,000 in advertising.
Stand With Crypto’s own polling, conducted with Impact Research, found that 59% of crypto owners do not reliably vote for one political party. Nearly half of respondents said they could support a candidate whose crypto position matched theirs even when they disagreed with the candidate on other subjects, according to the organization’s May presentation.
CLARITY Act delay raises the stakes for the next Congress
The House passed the CLARITY Act by a 294-134 vote in July 2025, but the proposal has remained 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.
A Senate Banking Committee markup initially scheduled for Jan. 15 was postponed after Coinbase withdrew its support hours before the meeting. The company objected to parts of the draft, leaving senators without an agreement needed to move the legislation forward.
Alongside the Banking Committee’s work, the Senate Agriculture Committee must address sections involving the CFTC. The bill would then need to pass the full Senate, return to the House if senators change its text, and reach President Donald Trump for his signature.
Because most legislation requires 60 votes to overcome a Senate filibuster, Republicans would need Democratic support even if every Republican senator backed the proposal. A report examining the CLARITY Act’s midterm risk noted that the congressional calendar has narrowed as lawmakers approach the election.
The proposal remains important for U.S. crypto companies and investors because it would set federal rules for when digital assets fall under SEC or CFTC oversight. Supporters say the division would reduce uncertainty over trading, registration and token classifications, while disagreements in the Senate show that lawmakers have not settled the bill’s consumer protection, ethics and financial crime provisions.
Stand With Crypto’s endorsements focus on House members who supported the existing text, but the next Congress could revisit the proposal if the Senate does not finish work before the current session ends. Any unfinished bill would have to be introduced again after the new Congress takes office in January 2027.
Crypto election spending approaches $200 million
Political spending by the digital asset industry has continued alongside the grassroots campaign. Reuters estimated that crypto-linked groups have committed close to $200 million during the 2026 midterm cycle, with much of the money flowing through Fairshake and its affiliated committees.
Consumer advocacy group Public Citizen separately calculated that crypto companies had contributed about $189 million to the 2026 election cycle by the end of June. Its report said the amount represented roughly 37% of corporate political contributions tracked during the period and had already surpassed the industry’s estimated $170 million in 2024 spending.
According to Public Citizen, Fairshake had spent more than $82 million during the current cycle, while MAGA Inc., a super PAC largely supported by Crypto.com, had spent more than $56 million. Public filings cited in the report showed Fairshake, Defend American Jobs, and Protect Progress held a combined $193 million in January.
During the 2024 elections, crypto groups supported congressional candidates across party lines, many of whom won their races. Congress later passed the GENIUS Act, creating a federal framework for payment stablecoins and handing the industry one of its main legislative victories.
Stand With Crypto has taken a different role from the major super PACs by organizing advocates and publicly rating candidates’ policy records. The organization endorsed six incumbents in March before adding the latest 32 House members, and Lynaugh said its Senate slate would be released closer to Election Day.
