According to reports from Reuters, Stand With Crypto has endorsed 32 incumbent House members from both major parties ahead of the November 3 midterm elections. All endorsed lawmakers voted for the Digital Asset Market Clarity Act when it passed the House 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. The group's Executive Director Mason Lynaugh told Reuters that the organization wants to return lawmakers who supported the bill to Congress, with plans to announce Senate endorsements closer to Election Day. As Lynaugh explained, "In 2024 we were very much proving that the crypto voter is real. 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."
As reported by Reuters, the endorsed 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. Several lawmakers in the 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. Huizenga secured the Republican nomination in Michigan's 4th Congressional District, with Defend American Jobs spending nearly $512,000 supporting his campaign. Lynaugh noted that "I think we can be the difference maker in some of these" races, highlighting the group's potential impact on close contests.
According to Reuters, Stand With Crypto currently claims more than 3 million registered U.S. advocates, up from the 2.7 million cited when Lynaugh discussed campaign plans in May. The organization launched in 2023 by Coinbase to organize people who support digital asset legislation. Unlike a super political action committee, the group says its election work centers on voter outreach and mobilization rather than large independent campaign expenditures. Stand With Crypto's own polling, conducted with Impact Research, found that 59% of crypto owners do not reliably vote for one political party, with nearly half saying they could support a candidate whose crypto position matched theirs even when disagreeing on other subjects. The group previously endorsed six congressional candidates in March who are running for reelection, building on its 2024 effort when it was first active in elections.
As reported by Reuters, the Senate is scheduled to hold a procedural vote on the CLARITY Act on September 15, but the bill currently lacks the 60 votes needed to advance. 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 January 15 was postponed after Coinbase withdrew its support hours before the meeting. The bill would need 60 votes to overcome a Senate filibuster, meaning Republicans would need Democratic support even if every Republican senator backed the proposal. Crypto companies say the legislation would give them long-sought legal clarity, with the endorsements coming as the industry cements its influence in Washington during the current election cycle.
According to Reuters, political spending by the digital asset industry has reached 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 calculated that crypto companies had contributed about $189 million to the 2026 election cycle by the end of June, representing roughly 37% of corporate political contributions tracked during that period. Fairshake had spent more than $82 million during the current cycle, while MAGA Inc. spent more than $56 million. During the 2024 elections, crypto groups supported congressional candidates across party lines, many of whom won their races, leading to the passage of the GENIUS Act creating a federal framework for payment stablecoins. The crypto industry spent $170 million supporting congressional candidates during the 2024 elections, with many of those candidates winning their races and helping score the GENIUS Act victory. Additionally, Senator Kirsten Gillibrand has called for enforceable ethics rules covering President Donald Trump's crypto interests.
