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Stand With Crypto Rolls Out First Senate Endorsements After Clarity Act Defeat

Stand With Crypto issued its first Senate endorsements across Ohio, Iowa and New Hampshire, weeks after the Clarity Act failed 49-50 in the Senate.

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

Outputs

  1. Stand With Crypto issued its first-ever Senate endorsements: Jon Husted in Ohio, Ashley Hinson in Iowa and Chris Pappas in New Hampshire.

  2. The Senate rejected the Clarity Act 49-50 last month, with Democrats voting as a bloc over concerns about Trump's crypto dealings.

  3. Crypto-aligned political spending has approached roughly $200 million for the 2026 cycle, including Fairshake's $30 million campaign against Sherrod Brown.

Stand With Crypto, the advocacy group Coinbase launched in 2023, unveiled a bipartisan slate of Senate and House endorsements on Wednesday, escalating its electoral push roughly one month before November's midterms and two weeks after the Clarity Act collapsed on the Senate floor.

The group issued its first Senate endorsements across three races. In Ohio, it is backing Republican Sen. Jon Husted, who faces former Senate Banking Committee Chair Sherrod Brown, a longtime crypto skeptic whose return to the chamber would hand critics of the industry a powerful platform on the committee that oversees market-structure legislation.

The slate also includes Republican Rep. Ashley Hinson, running for an open Senate seat in Iowa, and Democratic Rep. Chris Pappas, campaigning in New Hampshire against former GOP Sen. John Sununu. The group said it selects candidates based on their digital asset policy positions "regardless of party."

On the House side, the new endorsements cover Iowa Republican Mariannette Miller-Meeks and Alabama Democrat Shomari Figures. Stand With Crypto said it will ramp up advertising in six House campaigns, building on an earlier round in August when it endorsed 32 House incumbents it described as "proven digital asset policy champions."

The timing carries an edge. The Senate failed to advance the Clarity Act in a 49-50 vote last month, with Democrats voting as a bloc amid concerns over President Donald Trump's crypto dealings. Stand With Crypto framed the defeat as a turning point and warned at the time that senators' votes would be recorded on its public scorecard, with supporters judging lawmakers at the ballot box.

Executive Director Mason Lynaugh has said the group's more than three million advocates are now fully focused on electing pro-crypto candidates.

The endorsements land amid a surge of crypto political spending. Unlike a super PAC, Stand With Crypto does not make direct campaign contributions. It concentrates on voter mobilization and grades candidates through its Voter Hub. Candidates that earn high ratings, however, frequently attract funding from industry-aligned PACs.

The Fairshake super PAC recently launched a $30 million advertising campaign against Brown, and combined crypto-aligned political spending has approached roughly $200 million for the 2026 cycle.

The Ohio contest illustrates the operational stakes for the industry. Brown chaired the Senate Banking Committee, the panel with jurisdiction over digital asset market-structure legislation, before leaving the Senate. His return would restore a leading crypto skeptic to a position of influence over any revived version of the Clarity Act, making Ohio a marquee test of whether the sector's electoral infrastructure can shift outcomes.

The strategy marks a shift in venue rather than in objective. With the legislative track stalled after the 49-50 vote, the industry's grassroots arm is betting that electoral pressure in targeted districts and states can change the arithmetic in the next Congress.

The immediate test comes in November, when the six House races receiving expanded advertising and the three Senate contests will show whether mobilization and scorecard-driven accountability can translate into seats — and whether the Senate that reconvenes afterward will have the votes to revive the Clarity Act.

via reuters.com (Original)

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Market editor covering business strategy at Mempool Brief.

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