Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse

What happened

In brief Stand With Crypto unveiled a bipartisan slate of Senate and House endorsements, including its first Senate picks. Stand With Crypto, the advocacy group Coinbase launched in 2023, unveiled a bipartisan slate of Senate and House endorsements Wednesday, sharpening its electoral push roughly a month before November's midterms and two weeks after the Clarity Act collapsed in the Senate. Coinbase is a Bitcoin and cryptocurrency company based in San Francisco.

The Coinbase-backed group's first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act's collapse, as the industry's fight shifts to the campaign trail. Decrypt News Law and Order Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse The Coinbase-backed group's first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act's collapse, as the industry's fight shifts to the campaign trail.

The group, which judges candidates on crypto policy "regardless of party," is ramping up ads in six House races, building on its August endorsement of 32 House incumbents. The push follows the Clarity Act's 49-50 Senate failure and amid heavy crypto political spending.