Morning Minute: Crypto Gives Up on Congress and Goes After Senators
Crypto advocacy is shifting from Congress to Senate and House campaign battles after the Clarity Act failed in the Senate. Stand With Crypto, Coinbase-backed since 2023, announced its first Senate endorsements: Republican Jon Husted in Ohio over Sherrod Brown, Republican Ashley Hinson in Iowa, and Democrat Chris Pappas in New Hampshire. Ohio is the key race because Brown could regain a powerful Senate Banking Committee role and remain a major crypto critic. The group also backed House candidates Mariannette Miller-Meeks in Iowa and Shomari Figures in Alabama, with more ads planned in six races. It says it grades candidates on crypto positions regardless of party and is focused on electing pro-crypto lawmakers. Crypto political spending this cycle is nearing $200 million, and Fairshake has launched a $30 million effort against Brown.
