Coinbase-Backed Organization Endorses 32 Congressional Candidates

Stand With Crypto has announced endorsements for 32 incumbent congressional candidates in the upcoming midterm elections. These candidates have previously voted in favor of the CLARITY Act, which is currently stalled in the Senate. Mason Lynaugh, Executive Director of Stand With Crypto, stated that the 2024 campaign aims to demonstrate that "crypto voters are a real constituency," while 2026 will showcase the organization's mobilization capabilities and the influence of the voting bloc. Coinbase founded this organization in 2023 to impact elections through grassroots mobilization, and it currently has over 3 million registered "advocates." The newly endorsed 32 candidates include Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer. Some candidates are in highly competitive districts, such as Juan Ciscomani in Arizona and Brian Fitzpatrick in Pennsylvania. The organization has indicated that it will release a list of Senate candidate endorsements closer to the election date. The crypto industry has already invested nearly $200 million in this midterm election through super PACs like Fairshake.

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