A significant coalition of crypto political groups has ramped up its engagement in Washington D.C., announcing endorsements for 32 incumbent members of the U.S. House of Representatives ahead of the 2026 midterm elections. Led by Stand With Crypto, these efforts, detailed on August 24, 2026, aim to cultivate a legislative environment more favorable to digital assets.
This strategic push comes as major crypto Super PACs like Fairshake, Protect Our Future, and Web3 Forward pour millions into campaign coffers. They’re targeting both the 2024 and upcoming 2026 election cycles, showing the industry’s intensifying political mobilization to shape policy.
Crypto political groups shape endorsements
Stand With Crypto, an advocacy group established by Coinbase, has been particularly active. It leverages its more than 3 million online U.S. members to influence the political discourse. On Monday, August 24, 2026, the group confirmed its support for 32 additional lawmakers.
This follows an earlier endorsement of six incumbents in March 2026, demonstrating a widening net of influence. The group’s strategy focuses heavily on voter outreach and mobilization, aiming to prove the existence and power of a dedicated “crypto voter” bloc.
Mason Lynaugh, Executive Director of Stand With Crypto, emphasized the importance of this period for the industry. He stated that the midterms represent “a key inflection point for crypto policy in Washington, D.C.” Lynaugh also warned that candidates from either party overlook crypto voters “at their own peril.”
Every endorsed candidate has a clear record of supporting digital asset legislation. Crucially, all 32 lawmakers backed the Digital Asset Market Clarity (CLARITY) Act when it passed the House of Representatives, signaling a unified front on key legislative matters.
A bipartisan strategy for Capitol Hill
The list of endorsed House members reveals a deliberate bipartisan approach, essential for advancing legislation in a divided Congress. It includes influential Republicans such as House Majority Whip Tom Emmer and House Agriculture Committee Chairman Glenn “GT” Thompson.
Bryan Steil, who chairs the digital assets subcommittee within the House Financial Services Committee, also received an endorsement. Their backing highlights the industry’s focus on engaging with key decision-makers across party lines and political affiliations.
Democrats also feature prominently in Stand With Crypto’s selections. Jim Costa, a high-ranking member of the House Agriculture Committee, is among those endorsed. His position is strategic, as he could contend for the chairmanship in the future of crypto regulation.
Nevada Democrat Steven Horsford, who introduced the bipartisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act this year, also secured an endorsement. This diverse backing illustrates a broad push for favorable regulatory frameworks.
Key legislative allies in Congress
The endorsed group includes several legislators known for their active roles in crypto policy. Michigan Republican Bill Huizenga cosponsored both the Blockchain Regulatory Certainty Act and the House’s Digital Asset Market Clarity Act.
Ohio Republican Warren Davidson, who introduced the Bitcoin for America Act last year, also received support. New York Democrat Ritchie Torres, a frequent crypto advocate, reintroduced the Blockchain Regulatory Certainty Act (BRCA) alongside Emmer last year, showing cross-party collaboration.
Other notable endorsements include Josh Gottheimer, Juan Ciscomani, and Brian Fitzpatrick. This comprehensive list reflects a careful selection process, aiming to build a strong base of support for digital assets in the House of Representatives.
Crypto Super PACs unleash unprecedented spending
The cryptocurrency industry’s political spending has reached unprecedented levels. Close to $200 million is allocated to the November midterm elections, a substantial figure. This follows approximately $170 million spent during the 2024 elections, showing a consistent and aggressive strategy.
A June 2026 report by watchdog group Public Citizen highlighted the scale of this financial mobilization. By the end of June, crypto contributions accounted for about 37% of all corporate political contributions tracked during that period, totaling around $189 million for the 2026 cycle alone.
Fairshake PAC leads the charge
Fairshake PAC stands out as a major force in this financial push. It has received substantial funding from industry giants. These include Coinbase ($93.5 million), Ripple Labs ($45 million), and Jump Trading ($25 million).
Venture capitalists Ben Horowitz and Marc Andreessen contributed $33.5 million each. Other significant contributors include Cameron and Tyler Winklevoss (combined $4.9 million), Brian Armstrong ($1 million), Circle Internet Financial ($1 million), Fred Wilson ($1 million), and Payward, Inc. ($1 million). Fairshake raised a staggering $260 million from its inception in March 2023 to December 2024.
The PAC’s spending in the 2024 election cycle exceeded $133 million. This was primarily directed towards supporting pro-cryptocurrency candidates, including a substantial $40 million for Bernie Moreno. Moreno was the Republican who defeated crypto-critic Sherrod Brown in Ohio’s U.S. Senate race.
Fairshake also spent aggressively against certain candidates. It deployed over $10 million against Katie Porter in California’s U.S. Senate primary, for example. Similarly, about $10 million was spent in advertising against Juliana Stratton in Illinois and $2 million against Jamaal Bowman in New York. This demonstrates a willingness to engage in both offensive and defensive campaigns, highlighting how Senate ethics debates often impact these decisions.
Fairshake had already spent more than $82 million by June 2026 for the current election cycle. In the previous 2024 election cycle, the PAC had made notable allocations for candidates such as Steven Horsford ($1.89 million) and Young Kim ($2 million). The continued, robust spending underscores Fairshake’s persistent involvement in digital asset policy.
Fairshake operates through affiliated groups, including Protect Progress, which backs Democrats, and Defend American Jobs, supporting Republicans. This network allows it to maintain a nonpartisan appearance while strategically backing candidates across the political spectrum.
Other influential players and future implications
Beyond Fairshake, several other PACs and advocacy groups are making their presence felt. Fellowship PAC claims over $100 million from undisclosed crypto-linked backers. It has endorsed Republican candidates like Alan Wilson for South Carolina Governor and Blake Miguez for Louisiana’s 5th Congressional District for the 2026 midterms.
The MAGA Inc. Super PAC, aligned with former President Trump, has also attracted significant crypto contributions. Foris Dax, parent company of Crypto.com, contributed $35 million, Gemini Trust Company added $4.4 million, and Blockchain.com provided $5 million in the 2026 cycle. Such financial injections often correlate with crypto market strength.
Newer players are emerging, too. The Blockchain Leadership Fund, launched in March 2026 with $175,000 from Anchorage Digital and Chainlink Labs, aims to support digital asset and blockchain policy advocates. The Defend Developers PAC, launched in June 2026, focuses on protecting software developers, particularly concerning the CLARITY Act.
This widespread mobilization indicates a maturing crypto industry determined to secure its future through political means. The sheer volume of spending and the strategic endorsements highlight a sophisticated, long-term effort to embed digital assets into the mainstream U.S. financial and legislative landscape. The 2026 midterms will serve as a crucial test for the efficacy of these crypto political groups.