Coinbase-Backed Crypto Group Issues Midterm Endorsements After Clarity Act Collapse

midterm endorsements — The Coinbase-backed crypto advocacy group Stand With Crypto has issued its first endorsements for the 2026 midterm elections, targeting key Senate races two weeks after the collapse of the landmark FIT21 Clarity Act.

The group is backing Republican candidates Jon Husted in Ohio and Ashley Hinson in Iowa, as well as Democrat Chris Pappas in New Hampshire. The endorsements mark a strategic shift for the industry, moving its fight from a failed legislative push to direct electoral politics.

The move follows the dramatic failure of the Financial Innovation and Technology for the 21st Century (FIT21) Act, a major regulatory framework bill that the crypto industry had heavily supported. The bill’s collapse in Congress has prompted industry groups to intensify their focus on supporting pro-crypto candidates.

Stand With Crypto, which has mobilized a large community of crypto advocates, stated the endorsements are part of a broader effort to elect lawmakers who will provide clear rules for digital assets. The group’s political action committee will support these candidates through fundraising and grassroots campaigning.