Coinbase-Backed Group Widens Its Midterm Push Stand With Crypto, the Coinbase-backed advocacy group, announced 32 new congressional endorsements on Monday, August 24, 2026. The Stand With Cry
Stand With Crypto, the Coinbase-backed advocacy group, announced 32 new congressional endorsements on Monday, August 24, 2026. The Stand With Crypto endorsements target sitting House members running for reelection in the November midterms.
All 32 lawmakers voted last year to pass the CLARITY Act through the House of Representatives. The move builds on six picks the organization made back in March 2026, its first round of the cycle.
Source: Coin Bureau X Post
Executive Director Mason Lynaugh said the group now has the reach and organizing capacity to influence tight races heading into November. Senate-level picks are expected closer to Election Day. Lynaugh described the Stand With Crypto endorsements as a signal that a durable voting bloc now exists around digital asset policy.
Detail
Information
Total House incumbents backed
32
Prior round announced
March 2026
Shared voting record
CLARITY Act support in the House
Senate picks timing
Closer to Election Day
2026 industry spending
Near 200 million dollars
Every name behind these Stand With Crypto endorsements shares one vote in common: support for the CLARITY Act when it passed the House last year.
The bill would set clear federal rules for digital asset markets, long considered the industry's top legislative priority. It has since stalled on the Senate floor despite clearing the Banking Committee earlier this year.
Lynaugh framed the announcement as proof of a maturing voting bloc. He said 2024 was about proving that digital asset voters were real, while 2026 is about demonstrating real organizing capacity behind that bloc. That data, organizers argue, is exactly why the Stand With Crypto endorsements matter more this cycle than in 2024.
The Stand With Crypto endorsements arrive alongside a sharp rise in political spending tied to digital asset policy. Industry companies and allied groups have committed close to 200 million dollars toward the 2026 midterms.
Much of that spending flows through Fairshake, the sector's largest political action committee. During the 2024 cycle, the industry spent roughly 170 million dollars backing congressional candidates, and most of those candidates went on to win their races.
The organization also launched a refreshed Voter Hub. The tool lets registered advocates check exactly where any candidate stands on digital asset policy before casting a ballot.
Organizers describe the Voter Hub as a companion piece to the endorsement rollout, designed to keep advocates engaged through November rather than only around announcement days.
Attention now shifts toward the Senate, where the CLARITY Act remains stalled and where the group has yet to name its picks. With a favorable House vote count already locked in, the organization's next moves could shape how much leverage the digital asset sector holds in the next Congress.
Three points stand out heading into that phase:
The Senate list will reveal whether the group is willing to target sitting senators who have not backed the CLARITY Act.
The size of the Voter Hub's active user base will show whether outreach is converting into real turnout.
Total industry spending figures will likely climb further as Election Day approaches.
Analysts tracking this year's midterm cycle note that tying political backing directly to a single legislative vote, rather than broad party loyalty, signals a shift toward single-issue voting blocs in Washington. The scale of the Stand With Crypto endorsements suggests the organization intends to make digital asset policy a recurring litmus test in future election cycles.
CLARITY Act:Proposed legislation setting regulatory rules for digital asset markets in the US
PAC (Political Action Committee): An organization that raises and spends money to elect or defeat candidates
Incumbent: A politician currently holding the office they are running to keep
YMYL Disclaimer: This article is for informational purposes only and does not constitute financial, legal, or political advice. Readers should conduct independent research before forming views on any candidate, policy, or investment decision related to this topic.
