Crypto advocacy group Stand With Crypto is intensifying its political engagement ahead of the 2026 midterm elections, announcing endorsements for 32 House candidates it considers pro-crypto, including Republican Warren Davidson and Democrat Ritchie Torres. The Coinbase-backed organization said Senate endorsements will be revealed closer to Election Day.
Executive Director Mason Lynaugh framed the midterms as a pivotal moment for crypto policy, warning that candidates "overlook Crypto Voters at their own peril." The group and the wider industry spent millions through super PACs in 2024; Fairshake spent $12 million in Ohio backing Republican Bernie Moreno, who defeated crypto critic Sherrod Brown. In April 2026, money is again ramping up to support Republican Senator Jon Husted in Ohio against Brown.
Stand With Crypto has also launched a voter hub grading lawmakers on crypto positions and previously endorsed a bipartisan slate. The group is closely watching votes on the Clarity Act, which would create the first comprehensive federal crypto regulation. The next procedural vote is set for September 15, but as of Monday the bill appears short of the 60 votes needed to advance.
The legislation has faced repeated setbacks, including disputes between banks and crypto over stablecoin rewards, illicit finance concerns, and a new impasse over President Donald Trump's crypto holdings, valued in the hundreds of millions of dollars through World Liberty Financial and his official memecoin. A July ethics provision would bar public officials and spouses from issuing or sponsoring digital assets, but Democrats argue enforcement limited to the Justice Department is inadequate. Senators Ruben Gallego and Thom Tillis have proposed expanding enforcement to state attorneys general, though Trump has not approved that change.
On Sunday, Senator Kirsten Gillibrand called for an enforceable ethics ban, citing a Reuters/Ipsos poll showing 63% of Americans believe Trump's crypto profits are inappropriate. "We can pass smart, clear rules for digital assets and shut down presidential self-dealing at the same time," Gillibrand said. "There must be an enforceable ban... any market structure bill that leaves enforcement solely in the hands of the president’s own Justice Department and allows him to profit from crypto isn’t a reform. It’s a permission slip."
