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International Business Times
International Business Times
Business

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

Coinbase launched Stand With Crypto in 2023 to organize crypto owners around legislation and elections rather than rely mainly on direct campaign spending. (Credit: 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. The legislation, which would set federal rules for digital assets and divide oversight between regulators, remains stalled in the Senate despite becoming the industry's biggest policy priority.

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