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

In brief

• Stand With Crypto unveiled a bipartisan slate of Senate and House endorsements, including its first Senate picks.
• 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.

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.

The group's first Senate endorsements span three races. In Ohio, it is backing Republican Sen. Jon Husted, who faces former Senate Banking Committee Chair Sherrod Brown, a longtime crypto skeptic.

It also endorsed Republican Rep. Ashley Hinson, running for a Senate seat in Iowa, and Democratic Rep. Chris Pappas, running in New Hampshire against former GOP Sen. John Sununu. The group said it picks candidates based on their crypto policy positions "regardless of party."

On the House side, the endorsements include Iowa Republican Mariannette Miller-Meeks and Alabama Democrat Shomari Figures, and the group said it would ramp up advertising in six House campaigns. It builds on an earlier round in August, when Stand With Crypto endorsed 32 House incumbents it called "proven digital asset policy champions."