The Crypto Industry Is Spending Big On The Midterms. Now A Coinbase-Backed Group Is Picking Its Candidates.

Source: International Business Times

Coinbase launched Stand With Crypto in 2023 to organize crypto owners around legislation and elections rather than rely mainly on direct campaign spending. Getty Images A Coinbase-backed crypto advocacy group has endorsed 32 House incumbents for the November midterms, adding an organized voter campaign to the nearly $200 million the industry has already poured into this year's elections. Stand With Crypto said all 32 lawmakers backed the Clarity Act when it passed the House last year.