Stand With Crypto ramps up strategy for U.S. midterm elections

• Stand With Crypto has endorsed six candidates in key battleground races to influence the upcoming U.S. elections.
• A new poll indicates that 45% of crypto-owning voters favor Republicans, while 26% prefer Democrats as better advocates for the industry.
• Political prediction markets suggest an 84% probability of Democrats winning the House of Representatives, which could shift legislative priorities for digital assets.

Strategic Advocacy in Battleground States

The advocacy organization Stand With Crypto, which originated as a project by Coinbase, is intensifying its political efforts ahead of the U.S. elections. On Thursday, the group announced its support for a select group of congressional incumbents known for their pro-crypto stances. These include Republican Zach Nunn of Iowa and Democrat Don Davis of North Carolina.

The group intends to leverage its retail investor membership to drive voter turnout and will launch targeted media campaigns. In addition to supporting allies, the organization plans to actively oppose two politicians with histories of resisting crypto-friendly policies. Additional endorsements and targets are expected to be announced as the election cycle progresses.

Voter Sentiment and Partisan Preferences

A recent study commissioned by the group and conducted by Impact Research highlights the political leanings of crypto holders in swing states. The survey, which has a 4.4% margin of error, found that neither major party has secured a clear majority of support. However, Republicans currently hold a significant lead, with 45% of respondents viewing them as the better party for the industry, compared to 26% for Democrats.

Key findings from the voter data include:

• 64% of crypto holders expressed high enthusiasm for supporting candidates who favor the industry.
• Crypto-owning voters are reported to be highly motivated to participate in this year's elections.
• Neither party is currently seen as the definitive champion for digital assets by a majority of the electorate.

Future Legislative Landscape

The outcome of these elections could dictate the direction of several critical pieces of legislation. While the Digital Asset Market Clarity Act is currently under consideration, other priorities such as crypto-specific tax reforms and the creation of a U.S. strategic bitcoin reserve—a proposal backed by Donald Trump—remain on the horizon.

Data from the prediction platform Kalshi currently places the odds of Democrats taking control of the House at over 84%. While the Senate remains a toss-up, a shift in congressional leadership could deprioritize crypto initiatives that have gained momentum under Republican leadership. The industry is closely watching whether a Democrat-led chamber would maintain the same level of urgency for digital asset regulation and growth.