Crypto Group Backs 6 Bipartisan Candidates in Key Races
The crypto advocacy organization Stand With Crypto has endorsed six congressional candidates in crucial battleground districts ahead of the November U.S. midterm elections. The group, initially established by Coinbase, is strategically targeting these races to build a legislative environment favorable to digital assets. The bipartisan endorsements include three Republicans—Zach Nunn of Iowa, Mike Lawler of New York, and Rob Bresnahan of Pennsylvania—and three Democrats—Don Davis of North Carolina, Susie Lee of Nevada, and Greg Landsman of Ohio. Stand With Crypto will also fund media campaigns and rally its members to vote in these key districts, while actively campaigning against two incumbents, Rep. Scott Perry (R-PA) and Rep. Marcy Kaptur (D-OH), who have anti-crypto records.
Poll Finds 64% of Crypto Owners Are Motivated Voters
This electoral strategy is backed by data from a commissioned survey suggesting crypto owners are a highly engaged and influential voting bloc. The poll, conducted by Impact Research, found that 64% of digital asset holders are enthusiastic about supporting candidates with pro-crypto stances. The results also revealed that while Republican candidates are favored over Democrats (45% to 26%) among these voters, nearly six in ten crypto owners do not consistently vote for the same party. This political flexibility makes crypto-focused voters a key target in tight races where they could have a material impact on the outcome.
Regulatory Fate Hinges on Midterms with 84% Odds of House Flip
The industry's political mobilization comes as the window for passing significant crypto legislation appears to be closing. Lawmakers and industry proponents feel a sense of urgency to pass bills like the Digital Asset Market Clarity Act before a potential power shift in Congress. Prediction market Kalshi currently assigns an 84% probability that Democrats will win a majority in the House of Representatives. Such an outcome could deprioritize the crypto legislative agenda that has seen more traction under Republican leadership. The potential for a legislative stall adds significant uncertainty for investors and companies banking on clearer U.S. regulations for stablecoins and broader market structure.
