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CRYPTO

Crypto advocacy group names congressional candidates it backs ahead of midterms

A Washington‑based crypto advocacy organization announced on Wednesday that it would support a slate of candidates running for Senate and House seats in the upcoming election cycle.

By cointelegraph · 25d ago · Source: cointelegraph

Full article

A Washington‑based crypto advocacy organization announced on Wednesday that it would support a slate of candidates running for Senate and House seats in the upcoming election cycle. The group, formed by Coinbase in 2023 to promote what it describes as “clear, common‑sense regulations for the crypto industry,” said its endorsements include Republican Senate hopefuls Jon Husted in Ohio and Ashley Hinson in Iowa, as well as Democrat Chris Pappas in New Hampshire. Husted is defending his Senate seat against Democrat Sherrod Brown, who was defeated by Republican Bernie Moreno in 2024 after outside groups spent more than $300 million in Ohio. In addition to the Senate races, the organization listed several House candidates it backs, among them Republican Mariannette Miller‑Meeks in Iowa and Democrat Shomari Figures in Alabama. The endorsements were made public as polls suggested Democrats were positioned to regain control of both chambers in the 2027 election. A shift in chamber control could affect legislative work on measures such as the Digital Asset Market Clarity (CLARITY) Act, which previously cleared the House with bipartisan support but failed to achieve the 60‑vote threshold needed for cloture in the Republican‑led Senate earlier this month. The group also noted that it had endorsed 32 House candidates in August, describing them as “proven digital asset policy champions” who could influence outcomes in pivotal districts. After the September 15 vote on the CLARITY bill, the organization warned that lawmakers who opposed the measure would face “consequences.” In the weeks leading up to the midterms, candidates have received substantial financial support from crypto‑focused political action committees, including the Fairshake PAC, which is funded largely by Coinbase, Ripple Labs and Andreessen Horowitz. Fairshake has pledged an initial $30 million to support Husted’s Senate campaign in Ohio and has allocated $82 million to candidates nationwide as of June. In an interview with Cointelegraph regarding the spending, Stand With Crypto Executive Director Mason Lynaugh said there was “no evidence that crypto industry organizations are able to buy any assurances of who will win a race.” He characterized Husted as a “proven pro‑crypto lawmaker” and said the endorsement reflected the legislator’s vote in favor of the CLARITY Act, which the group identifies as its top policy priority. “While former Senator Brown’s recent remarks about crypto’s role in the national economy are encouraging, it’s track record that matters the most in our endorsement process,” Lynaugh added. The organization’s statements were made in the context of a broader effort to shape legislative outcomes related to digital assets ahead of the 2027 election cycle. Readers are encouraged to verify details independently.

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Publisher
cointelegraph
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high
Published
10/1/2026, 12:20:59 PM
Retrieved
10/1/2026, 12:20:59 PM
Relevance
80%
Confidence
85%
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