Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse

Bullish+1.97%
30 Sep, 20:31
Source: Decrypt

AI Summary

A Coinbase-backed political group has announced its first Senate endorsements following the failure of the Clarity Act, indicating a strategic industry pivot toward direct campaign advocacy to secure favorable crypto regulation.

The Coinbase-backed group's first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act's collapse, as the industry's fight shifts to the campaign trail.