The Coinbase-backed group tied each endorsement to the lawmaker's vote for the CLARITY Act, making crypto policy a midterm campaign issue in November.
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Stand With Crypto, the Coinbase-backed advocacy group, endorsed 32 sitting House members on Monday, tying each endorsement to the lawmaker's vote for the CLARITY Act when the bill passed the House last year. All 32 are seeking reelection in November.
The endorsements turn a technical vote into a visible electoral signal ahead of the midterms. The group is not issuing broad party-line endorsements. It is concentrating on lawmakers with a recorded vote for the bill, which would assign oversight of digital assets to specific U.S. regulators. The approach also pressures candidates who have not taken a firm public stance on market-structure legislation.
The CLARITY Act aims to settle which agency oversees which part of the digital-asset market. Industry groups have long said overlapping and uncertain rules have slowed companies and token issuers, and that a clearer division of authority would reduce uncertainty for exchanges and institutional participants.
The group is attempting to make crypto policy a more explicit factor in congressional races by highlighting members who supported the bill. Lawmakers who have shown willingness to address long-standing questions around token classification and exchange oversight receive the endorsements. The digital-asset industry is pressing for more durable federal rules.
Crypto companies and advocacy organizations have grown more active in U.S. elections in recent cycles. The endorsements target sitting House members, not presidential candidates or agency officials.
DailyCoin reported that market watchers view the endorsements as a longer-term policy signal rather than a short-term price catalyst. A Congress more receptive to formal crypto rules could reduce uncertainty for exchanges and institutional participants, the report said.
Any final law would still need to clear additional congressional and regulatory hurdles. The bill still needs to clear the Senate and the rulemaking process before taking effect.
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