Stand With Crypto Backs 32 U.S. House Members
The Coinbase-linked lobbying group is labeling 32 sitting House members as crypto-friendly, with an eye on the power struggle in Washington and possible influence over digital asset legislation.
Key Takeaways
- Stand With Crypto gave extra support to 32 sitting members of the U.S. House of Representatives ahead of the midterm elections.
- The list is bipartisan and includes Republicans Tom Emmer, Glenn Thompson, and Bryan Steil, plus Democrat Jim Costa.
- The group says it has more than 3 million online members; Fairshake has $122 million available for November.
Stand With Crypto, the advocacy group set up by crypto exchange Coinbase, has given extra support to 32 sitting members of the U.S. House of Representatives ahead of this year’s midterm elections. The group says it wants to show again which politicians it sees as the most crypto-friendly, while the fight for control of the House is still up in the air.
Support for Both Parties
The new list is bipartisan and includes well-known names from the recent crypto debate in Washington. Among the Republicans are House Majority Whip Tom Emmer, Agriculture Commissioner Glenn "GT" Thompson, and Bryan Steil, who leads the subcommittee for digital assets within the House Financial Services Committee.
Some Democrats are also getting support, including Jim Costa. He ranks high within the minority on the House Agriculture Committee and could be in line for a leadership role if control changes hands. According to Stand With Crypto, that matters because the makeup of the House after the election also decides who gets the committee chair positions.
More Weight in Washington
Stand With Crypto says it now has more than 3 million American online members. That makes it one of the largest crypto advocacy groups in the U.S., and it is trying to make voters with crypto interests more visible in the political debate.
The organization points out that the upcoming elections line up with an important moment for crypto policy in Washington. The list also includes politicians who were directly involved in legislation, such as Steven Horsford, Bill Huizenga, Warren Davidson, and Ritchie Torres. They worked on proposals around digital assets, taxes, and regulation.
The sector’s political influence goes beyond these endorsements alone. In earlier primaries, crypto super PAC Fairshake already scored a big win by backing candidates favorable to the industry.
Fairshake Keeps the Pressure On
Stand With Crypto’s endorsements do not automatically come with campaign money, but in practice many candidates with high scores later also get support from crypto PACs like Fairshake. That super PAC says it has $122 million (€105 million) available heading into November and has already paid for ads for 49 winning candidates in the primaries.
For European crypto readers, this shows how big the political stakes around crypto in the U.S. have become. Not just the legislation itself, but also which party ends up leading the committees, could decide how quickly digital asset proposals move forward.
