Stand With Crypto, the Coinbase-backed advocacy group that deployed tens of millions of dollars during the 2024 election cycle, is making its opening moves for the November midterms with endorsements in six battleground congressional races. The picks are deliberately bipartisan — Republicans Zach Nunn (Iowa), Mike Lawler (New York), and Rob Bresnahan (Pennsylvania) alongside Democrats Don Davis (North Carolina), Susie Lee (Nevada), and Greg Landsman (Ohio) — a signal that the group is playing the same both-sides strategy that proved effective in 2024.

Polling from Impact Research, released alongside the endorsements, offers the data point the group is betting on: 64% of crypto holders say they’re enthusiastic about supporting pro-crypto candidates, and 59% say they don’t always vote along party lines. If those numbers hold, crypto could be one of the few genuinely cross-partisan issue sets in an otherwise tribal election year — and the kind of swing-voter bloc that matters in tight House races.

This story is an excerpt from the Unchained Daily newsletter.

The stakes are higher than symbolism. Kalshi prediction markets currently put Democratic odds of flipping the House at over 84%, a scenario that could stall or reshape the legislative agenda crypto has been counting on. The Digital Asset Market Clarity Act, stablecoin regulation, crypto tax reform, and the strategic bitcoin reserve all hinge on whether the next Congress is friendly or hostile to the industry. Stand With Crypto’s early endorsements suggest the industry isn’t waiting to find out — it’s trying to shape the outcome before the campaign even heats up.