Stand With Crypto's 4 million registered advocates couldn't get the CLARITY Act through the Senate

The Senate fell short of advancing the CLARITY Act on Sept. 15, when a 49-50 cloture vote failed to reach the 60-vote threshold. Six days later, Coinbase CEO Brian Armstrong said Stand With Crypto had surpassed four million members.

Armstrong wrote in a post that “the 2024 election proved the importance of the crypto voter,” adding that voters would remember who supported them.

The Senate vote concerned whether to begin considering H.R. 3633, not final passage or the effectiveness of one group. Their proximity instead put Stand With Crypto’s political challenge in converting a large supporter list into the bipartisan votes needed to enact policy.

What Stand With Crypto’s four million figure measures

Armstrong’s statement marked the completion of an explicit Coinbase objective. In October 2024, the exchange committed to helping Stand With Crypto reach four million advocates before the 2026 midterm elections.

Coinbase had already said it helped create the organization in 2023, making membership growth part of its policy strategy.

Armstrong used “members,” while Stand With Crypto has also used “advocates.” After the Senate vote, the group described its US network as three million advocates. In May, it reported over 3.7 million members worldwide across six markets.