Stand With Crypto, a crypto advocacy group launched by Coinbase, has publicly backed six candidates in key US House races ahead of the midterm elections. The group’s endorsed slate includes Iowa Republican Zach Nunn, North Carolina Democrat Don Davis, Nevada’s Susie Lee, New York’s Mike Lawler, Ohio’s Greg Landsman, and Pennsylvania’s Rob Bresnahan.
Support campaign targets six House contests
Stand With Crypto has grown into one of the more visible crypto advocacy movements in the United States. It operates a crypto-friendliness rating system for US politicians and says it represents retail crypto investors. In these six races, the organization plans to mobilize its members to help drive turnout and run media campaigns backing the candidates it supports.
The group also said it will oppose incumbents in two other districts where lawmakers have records of anti-crypto policies. It expects to announce more endorsements in additional districts later this year.
Polling points to stronger support for Republicans among crypto voters
To measure voter sentiment in influential districts, Stand With Crypto commissioned an independent survey firm to conduct opinion research. The results did not show a clearly dominant crypto-friendly bloc within either of the two major US parties. Even so, the data indicated that voters aligned with crypto issues tend to favor Republican candidates more than Democratic ones.
The survey also found notable enthusiasm among respondents who said they own crypto. Many said they are willing to support candidates with positive views on digital assets in this year’s election. More than two-thirds said they want to use their vote to express support for crypto policy.
Election outcome could shape the pace of crypto legislation
The midterms could carry direct consequences for pending digital asset policy in Washington. According to the report, Congress is working to pass the Digital Asset Market Transparency Act before the end of the year. Other crypto-related items remain on the agenda as well, including possible tax rule changes and former President Donald Trump’s proposal for a US strategic bitcoin reserve.
Current forecasts suggest Democrats could win a majority in at least one chamber of Congress, with particular attention on the House. Control of the Senate appears less certain. That balance of power could determine whether crypto-focused regulatory proposals and policy priorities move ahead or stall.