Stand With Crypto, the advocacy organization launched by Coinbase in 2023, has released its first Senate endorsements for the 2026 U.S. midterm elections. The group also expanded its House slate and plans increased advertising in six additional races.

Endorsements Across Key State Races

On Wednesday, the organization named its first Senate candidates: Republican Jon Husted of Ohio, who is defending his seat against Democrat Sherrod Brown; Republican Ashley Hinson running for Senate in Iowa; and Democrat Chris Pappas seeking the New Hampshire seat against former Senator John Sununu.

In the House, it backed Iowa Republican Mariannette Miller-Meeks and Alabama Democrat Shomari Figures. These selections build on an earlier August round that included endorsements for 32 House incumbents described as proven digital asset policy champions.

The group evaluates candidates strictly on their crypto policy records, regardless of party affiliation, and maintains a public Voter Hub to help supporters track performance.

Timing Follows Senate Vote Failure

The endorsements arrive days after the Digital Asset Market Clarity Act collapsed in the Senate. The bill, which passed the House with bipartisan support in 2025, fell short of the 60 votes needed for cloture in a 49-50 vote last month.

Stand With Crypto had warned lawmakers that votes against the legislation would be scored publicly, with consequences for future political support. The organization now directs attention to the campaign trail, where it is ramping up voter mobilization in six House races.

Industry Spending and Political Landscape

Separate crypto-aligned political action committees, including Fairshake, have directed substantial resources to these contests. Fairshake pledged an initial $30 million to back Husted in the Ohio Senate race and had spent $82 million on candidates nationwide as of June.

Combined industry-backed spending across the 2026 cycle has approached $200 million, according to public reporting. The Ohio matchup is viewed as a particularly high-stakes test, given Brown’s past role on the Senate Banking Committee and past outside spending exceeding $300 million in the 2024 cycle.

Strategic Shift in Advocacy

Stand With Crypto operates without making direct campaign contributions, instead concentrating on grassroots efforts and candidate scoring. The group’s approach reflects a broader industry strategy of influencing policy through both legislative outcomes and electoral accountability.

With midterms set for November, the organization’s picks aim to shape the composition of the next Congress, which could affect future cryptocurrency legislation.