Congressional Republicans are already on the ropes in this year’s US midterm elections, and Congress is likely to shift in ways that will profoundly affect crypto efforts. So advocacy group Stand With Crypto is gearing up with a list of candidate endorsements and a new political poll that says neither party has a majority lead as the best cryptocurrency advocate.
Stand With Crypto, initially established by Coinbase as a pro-crypto group populated by retail investors, is known for its political advocacy, including maintaining a rating system for American politicians. On Thursday he announced endorsements in six “battleground races,” backing congressional incumbents such as Republican Zach Nunn in Iowa and Democrat Don Davis in North Carolina, who have supported the industry.
The organization will make efforts to rally its members to vote and will also pay for media campaigns. In two other districts, he said he will oppose politicians with records against crypto interests. And more races will be named as the year progresses, the group said.
In this important election, Stand With Crypto commissioned a survey that outlined the sentiment of voters owning cryptocurrency in battleground states. The results, released Thursday, show that neither the Republican nor the Democratic Party has secured a majority that thinks they are better for the industry, although Republicans are favored by 45% to 26%, according to the Impact Research study conducted last month.
The snapshot of potential voters, which had a margin of error of 4.4%, said cryptocurrency enthusiasts were highly motivated to cast their vote this year, and 64% of those who own cryptocurrencies said they are excited to support pro-crypto candidates.
These midterm elections could have significant consequences for the industry. Even if Congress finalizes the Digital Asset Market Clarity Act before the November general election, other cryptocurrency legislative needs remain, including adapting the US tax system to cryptocurrencies and establishing a strategic US bitcoin reserve ordered by President Donald Trump. But Democrats will likely rule at least one chamber of Congress by then, and cryptocurrencies may not be as high a priority as they have been for Republicans.
Prediction market firm Kalshi’s bets have chances of Democrats winning the majority in the House at more than 84%. The odds of a tougher Democratic path in the Senate are considered closer to a coin toss.
The other House lawmakers endorsed by Stand With Crypto include:
- Rep. Susie Lee, D-Nev.;
- Rep. Mike Lawler, R-New York;
- Rep. Greg Landsman, D-Ohio;
- Rep. Rob Bresnahan, R-Pa.
Read more: Advocacy group Stand With Crypto sees nearly 700,000 new members ahead of 2026 election
