Congressional Republicans are already on the ropes in this year’s US midterm elections, and Congress is likely to change in ways that deeply affect crypto efforts. So the advocacy group Stand With Crypto is gearing up with a slew of candidate endorsements and a new political poll that says neither party has a majority advantage as crypto’s top advocate.
Originally established by Coinbase as a pro-crypto group populated by retail investors, Stand With Crypto is known for its political advocacy, including maintaining a rating system for US politicians. It announced endorsements in six “battleground” races Thursday, endorsing congressmen — such as Republican Zach Nunn of Iowa and Democrat Don Davis of North Carolina — who have supported the industry.
The organization will focus on rallying its membership to vote and will also pay for media campaigns. In two other districts, it said it will oppose politicians with records against crypto interests. And more races will be named as the year goes on, the group said.
In those subsequent elections, Stand With Crypto commissioned a survey that outlined sentiment among crypto-owning voters in embattled states. The results, released Thursday, show that neither the Republican nor Democratic parties have locked down a majority who believe they are better for the industry, although Republicans are favored 45% to 26%, according to the Impact Research survey conducted last month.
The snapshot of potential voters, which had a margin of error of 4.4%, said crypto enthusiasts were highly motivated to vote this year, and 64% of those who hold crypto said they are excited to support pro-crypto candidates.
These mid-terms can have significant implications for the industry. Even if Congress finalizes the Digital Asset Market Clarity Act before the November general election, there are still a number of other crypto-legislative needs – including one tailored to the US tax system for crypto and the establishment of a US strategic bitcoin reserve, as ordered by President Donald Trump. But it’s very likely that Democrats will lead at least one chamber of Congress by then, and crypto may not be as high a priority as it has been for Republicans.
Betting at prediction market firm Kalshi has the odds of Democrats taking the House majority at more than 84%. The odds for the more difficult Democratic path in the Senate are considered closer to a coin flip.
The other House lawmakers endorsed by Stand With Crypto include:
- Representative Susie Lee, a Nevada Democrat;
- Representative Mike Lawler, a New York Republican;
- Representative Greg Landsman, an Ohio Democrat;
- Representative Rob Bresnahan, a Pennsylvania Republican.
Read more: Stand With Crypto advocacy group sees nearly 700,000 new members ahead of 2026 election
