Stand With Crypto (SWC), a Coinbase-led advocacy group, has announced a voter mobilization drive intended to endorse crypto-supporting candidates for the November midterm elections.
The team will focus on swing states such as Arizona and Pennsylvania, employing a dual strategy to advance their mission.
SWC will encourage the use of its new voter hub, an online platform that showcases electoral candidates and their stances on cryptocurrency issues. The group will also issue its November 2025 questionnaire to vet politicians on matters of blockchain and digital assets.
Crypto PACs (Cryptocurrency Political Action Committees) have emerged as some of the most influential forces in US politics due to the massive funding they provide. Other than Coinbase, key players of these organizations include Kraken, Ripple Labs, Andreessen Horowitz (a16z), the Winklevoss twins, and Jump Crypto.
In 2024, crypto PACs donated more than $245 million towards political campaigns. This was about half of all corporate donations received during that period. Beneficiaries of the PACs include President Donald Trump and representatives Pat Ryan and Josh Riley, while victims include Sherrod Brown, the former Senate Banking Chair and a prominent cryptocurrency critic.
Having risen to about 18 groups, crypto PACs have now amassed a $271+ million war chest for the 2026 midterm elections. SWC alone has more than 2.7 million members, and its affiliate, the Super PAC Fairshake, has already raised $190M+ for the upcoming elections.
The crypto PACs initiative signals technological championship, working bottom-up rather than waiting to react to policies after development. Their work also makes crypto hostility potentially politically damaging.
Coinbase CEO Brian Armstrong has recently stalled the development of the Clarity Act, calling the ban on stablecoin yield a damaging move. Wyoming Senator Cynthia Lummis, among others, has called for a compromise between banks and crypto companies on stablecoin matters, arguing that further delays could push the agenda into 2030.
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