Key Points
- Stand With Crypto announced endorsements for 32 U.S. House members before the upcoming November midterm elections.
- The advocacy organization, established by Coinbase, reports over 3 million U.S.-based members participating online.
- Notable endorsements feature Tom Emmer, Glenn “GT” Thompson, Bryan Steil, Jim Costa, Ritchie Torres, and Warren Davidson.
- The organization supports lawmakers from both Republican and Democratic parties working on cryptocurrency, financial oversight, agricultural policy, and taxation.
- Additional Senate endorsements and backing for challenger candidates will be revealed as the election approaches.
Stand With Crypto has announced backing for 32 additional members of the U.S. House of Representatives as the November [[LINK_START_0]]midterm elections[[LINK_END_0]] draw near. The cryptocurrency advocacy organization, launched by Coinbase, reports a membership exceeding 3 million Americans and continues supporting candidates across the political spectrum. These recent endorsements focus on legislators positioned to influence digital currency regulation, committee oversight, and tax frameworks when the incoming Congress convenes following voter decisions in the House.
Advocacy Organization Widens Cross-Party Candidate Support
Among the newly endorsed candidates are House Majority Whip Tom Emmer, House Agriculture Committee Chairman Glenn “GT” Thompson, and Bryan Steil. Steil currently chairs the digital assets subcommittee under the House Financial Services Committee.
The organization also backed Democrat Jim Costa, who holds senior status on the House Agriculture Committee. Should Democrats secure House control, Costa would emerge as a potential candidate for committee leadership.
Multiple endorsed legislators serve on committees anticipated to address cryptocurrency regulation during the upcoming congressional term. The House Financial Services, Agriculture, and Ways and Means committees oversee financial markets, commodity trading, and tax legislation.
Additional endorsements include Steven Horsford, Bill Huizenga, Warren Davidson, and Ritchie Torres. These lawmakers have championed or sponsored bills addressing digital currencies, regulatory frameworks, tax treatment, or blockchain policy.
November Elections Influence Cryptocurrency Lobbying Approach
Stand With Crypto characterized the midterm elections as a critical juncture for cryptocurrency regulation in the nation’s capital. Executive Director Mason Lynaugh noted that candidates from both major parties are working to engage voters outside conventional political constituencies.
The organization publicly evaluates candidates according to their cryptocurrency policy positions. Senate endorsements and backing for non-incumbent candidates will be unveiled nearer to election day.
These endorsements exclude direct financial contributions to campaigns. Candidates earning favorable cryptocurrency ratings may receive funding from industry political action committees, such as Fairshake and affiliated organizations.
Fairshake reports having $122 million ready for deployment in electoral activities before November. The super PAC indicated that its primary election expenditures funded promotional campaigns for 49 candidates who subsequently secured victories.
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