TLDR
- Stand With Crypto endorsed 32 additional U.S. House lawmakers ahead of the November midterm elections.
- The Coinbase-founded crypto political group says it has more than 3 million online members in the United States.
- Endorsed lawmakers include Tom Emmer, Glenn “GT” Thompson, Bryan Steil, Jim Costa, Ritchie Torres, and Warren Davidson.
- The group is backing both Republicans and Democrats involved in crypto, financial services, agriculture, and tax policy.
- Stand With Crypto plans to announce Senate endorsements and support for non-incumbent candidates closer to the election.
Stand With Crypto has endorsed 32 more U.S. House lawmakers ahead of the November midterm elections. The crypto political group, created by Coinbase, says it now has more than 3 million online U.S. members and is backing candidates from both major parties. Its latest endorsements target lawmakers who may shape digital asset legislation, committee work, and tax policy after voters choose the next House majority during the next Congress.
Crypto Political Group Expands Bipartisan Endorsements
The new list includes House Majority Whip Tom Emmer, House Agriculture Committee Chairman Glenn “GT” Thompson, and Bryan Steil. Steil leads the digital assets subcommittee within the House Financial Services Committee.
Stand With Crypto also endorsed Democrat Jim Costa, a senior member of the House Agriculture Committee. Costa could become a contender for the committee chair if Democrats win control of the House.
Several endorsed lawmakers sit on committees expected to handle crypto policy in the next Congress. These include the House Financial Services, Agriculture, and Ways and Means committees, which oversee markets, commodities, and tax rules.
The list also includes Steven Horsford, Bill Huizenga, Warren Davidson, and Ritchie Torres. Each has supported or introduced legislation tied to digital assets, market rules, taxation, or blockchain policy.
Midterm Elections Shape Crypto Lobby Strategy
Stand With Crypto said the midterms arrive during an important period for crypto policy in Washington. Executive Director Mason Lynaugh said candidates from both parties are trying to reach voters beyond traditional political groups.
The organization openly grades candidates based on their positions on crypto policy. It plans to announce Senate endorsements and support for non-incumbent candidates closer to the general election.
The endorsements do not include direct campaign donations. However, candidates with strong crypto ratings can also receive support from industry political action committees, including Fairshake and related groups.
Fairshake says it has $122 million available for election activity before November. The super PAC also said its primary spending supported advertisements for 49 candidates who later won their races.
