Stand With Crypto, the Coinbase-backed advocacy group, announced its first round of Senate endorsements on Wednesday, naming Republican Sen. Jon Husted of Ohio, Rep. Ashley Hinson of Iowa and Rep. Chris Pappas of New Hampshire as its preferred candidates for November.

The move comes weeks after the Senate failed to advance the Digital Asset Market Clarity Act, the market-structure bill that would have established a federal regulatory framework for cryptocurrencies. The Sept. 15 procedural vote fell short after Senate Democrats said they could not support legislation that would allow President Donald Trump to continue profiting personally from digital asset ventures, citing his millions of dollars in income from multiple crypto businesses.

Husted is running against former Sen. Sherrod Brown, the crypto-skeptical former chair of the Senate Banking Committee. The Ohio race carries particular weight for the industry: in 2024, the Fairshake super PAC spent $12 million supporting crypto-friendly Republican Bernie Moreno, who defeated Brown in that cycle.

"Following the Senate's recent failure to advance the Digital Asset Market Clarity (CLARITY) Act, Stand With Crypto's more than three million advocates are shifting their energy and focus fully to ensuring we have pro-crypto champions in office who will carry forward our fight for clear rules of the road," Mason Lynaugh, executive director of Stand With Crypto, said in a statement Wednesday.

The organization, best known for its candidate scorecard grading lawmakers on digital asset policy, has updated those ratings to reflect the Clarity Act vote. The scorecard now serves as the backbone of a broader electoral operation built after the industry's heavy spending in 2024, when crypto super PACs deployed millions of dollars across federal races.

That earlier investment produced mixed legislative returns. Fairshake backed two current Senate Democrats in the last election — Ruben Gallego of Arizona and Elissa Slotkin of Michigan — and both voted against the Clarity Act earlier this month, underscoring the limits of super PAC spending as a predictor of congressional behavior on market-structure legislation.

The Senate endorsements accompany an expanded House push. Stand With Crypto endorsed more than 30 House candidates in August and added another slate on Wednesday, including Rep. Shomari Figures, D-Ala., and Rep. Mariannette Miller-Meeks, R-Iowa. The group also said it will increase advertising spending in six House races, among them those of Democratic Rep. Don Davis and Republican Rep. Bryan Steil. Every newly endorsed House member voted for the Clarity Act when the bill passed the chamber last year.

The group launched a voter hub in March that grades federal lawmakers on their crypto positions and earlier endorsed a bipartisan slate of six candidates ahead of the midterms.

"Ahead of Election Day, Stand With Crypto is ensuring that Crypto Voters — a highly motivated, heterogeneous block of voters committed to the advancement of policies like market structure — have the tools they need to make informed decisions at the polls," Lynaugh said.

The endorsement strategy signals that the industry's immediate path to federal market-structure legislation now runs through the ballot box rather than the current Senate. With the Clarity Act stalled and procedural prospects dim before the election, the composition of the next Congress — and the outcome of races like Husted versus Brown in Ohio — will determine whether a revised bill can clear the upper chamber in 2027.