U.S. crypto lobby backs 32 pro-crypto House candidates ahead of midterm election

Stand With Crypto, a U.S. cryptocurrency lobbying group with close ties to Coinbase, has formally endorsed 32 House candidates ahead of the U.S. midterm election, Crypto Briefing reported. It marks the largest batch of candidate endorsements the group has announced at one time so far. Additional endorsements for Senate candidates are expected ahead of the November general election. Stand With Crypto is using support for the CLARITY Act, a bill aimed at establishing a regulatory framework for cryptocurrencies, as a key screening standard to identify candidates for crypto-friendly voters. Although the bill did not clear the Senate, the group is still treating support for it as a core benchmark for deciding which candidates should receive the crypto industry's political backing and support.