Stand With Crypto, the political advocacy group backed by Coinbase, endorsed 32 sitting members of Congress ahead of November's midterm elections, Coin Bureau reported. The group's post framed the move as part of a broader push, noting the crypto industry has already committed close to $200 million toward the 2026 midterms as it works to expand its footing in Washington.
The endorsed list draws from both parties. According to Reuters' reporting on the endorsements, the 32 include Republicans Tom Emmer and Bill Huizenga alongside Democrats Ritchie Torres and Josh Gottheimer, with several running in competitive districts such as Arizona's Juan Ciscomani and Pennsylvania's Brian Fitzpatrick. Every name on the list voted last year to move crypto market-structure legislation out of the House.
The Fight Behind the Endorsements
The timing isn't incidental. Stand With Crypto's top legislative priority, the CLARITY Act, has stalled in the Senate as banks and other stakeholders have pulled back from an earlier compromise on the bill's terms. Rewarding House members who already voted for the industry's preferred framework is a direct attempt to keep that coalition intact heading into a Senate fight that has grown more contentious, not less, since the House vote.
Related: CLARITY Act Fight Escalates as Banks Reverse on Compromise
A Grassroots Model, Not Just a Check-Writing One
Coinbase launched Stand With Crypto in 2023 specifically to build grassroots voter mobilization rather than rely solely on large campaign contributions, and the group has said it intends to lean on organizing capacity in competitive districts rather than outspending opponents outright. That distinguishes the endorsement wave from the roughly $200 million in direct industry spending flowing into the midterms through traditional PAC channels — the two tracks are designed to reinforce each other, with grassroots turnout aimed at the same industry-friendly incumbents the money is already backing.
With Congress still working through crypto market-structure legislation and a Senate that has yet to move on its own version of the bill, the outcome of these 32 races — several of them genuine tossups — will likely shape how much leverage the industry retains in the next session regardless of which party holds the House majority.
