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Stand With Crypto endorsed 32 House candidates on Monday, including Republican Warren Davidson and Democrat Ritchie Torres, as the Coinbase-backed advocacy group ramps up its midterm push. The slate spans both parties, an explicit signal that the group views crypto policy as a bipartisan vote-winner. Senate endorsements are being held back until closer to Election Day. The House push lands two weeks before the Senate's Sept. 15 procedural vote on the Clarity Act, the first comprehensive federal crypto market-structure bill.
Why it matters
The pairing of House endorsements with the Clarity Act vote is not coincidental. SWC executive director Mason Lynaugh called the midterms "a key inflection point for crypto policy in Washington," warning that candidates trying to reach voters outside traditional constituencies "overlook Crypto Voters at their own peril." SWC has spent the last year building infrastructure for this moment: a voter hub grading lawmakers on their crypto positions, and six bipartisan endorsements already on the books ahead of November.
The group has already proven it can move money. In 2024, the Fairshake super PAC spent $12 million backing Bernie Moreno in Ohio, who went on to defeat crypto-critic and former Senate Banking Committee chair Sherrod Brown. SWC is back in Ohio this cycle, backing Republican Sen. Jon Husted against Brown in November.
Market impact
The Clarity Act faces a procedural Sept. 15 vote in the full Senate, and as of Monday it did not appear to have the 60 votes needed for passage. Setbacks have stacked up: a bank-versus-crypto fight over stablecoin rewards, illicit-finance concerns, and an ethics fight over Trump's crypto wealth.
A July Trump ethics pledge barred public officials and their spouses from issuing or sponsoring digital assets, but limited enforcement to the Justice Department. A bipartisan Gallego-Tillis proposal would extend enforcement to state attorneys general, though it has not yet received Trump's sign-off. Sen. Kirsten Gillibrand, one of the bill's lead negotiators, cited a Reuters/Ipsos poll showing 63% of Americans view Trump's crypto profits as inappropriate. "Any market structure bill...
Frequently asked questions
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Who did Stand With Crypto endorse in the House?
SWC endorsed 32 House candidates on Monday, naming Republican Warren Davidson and Democrat Ritchie Torres as part of the slate. Senate endorsements are being held back until closer to Election Day.
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When is the Senate vote on the Clarity Act?
The Senate is scheduled to hold a procedural vote on the Clarity Act on Sept. 15, shortly after lawmakers return from the August recess. As of Monday, the bill did not appear to have the 60 votes needed for passage.
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How much did crypto super PACs spend in the 2024 elections?
The Fairshake super PAC spent $12 million backing Bernie Moreno in Ohio's 2024 Senate race. Moreno went on to defeat Sherrod Brown, then the Senate Banking Committee chair and a vocal crypto critic.
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Why is Trump's crypto wealth a problem for the Clarity Act?
Democrats argue any ethics provision must be enforceable beyond the Justice Department, given Trump's financial ties to World Liberty Financial and his official memecoin. A bipartisan Gallego-Tillis proposal would extend enforcement to state attorneys general but has not yet received Trump's sign-off.
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What did the Reuters/Ipsos poll find about Trump's crypto profits?
The poll, cited by Sen. Kirsten Gillibrand, found 63% of Americans view Trump's crypto profits as inappropriate. Gillibrand has called for any market structure bill to include a binding, enforceable ethics provision.
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