Crypto Policy Push: Key Politicians Back Federal Rules for Innovation, $200M Lobbying Surge Ahead of Midterms

August 3, 2026
Crypto Policy Push: Key Politicians Back Federal Rules for Innovation, $200M Lobbying Surge Ahead of Midterms
  • The crypto policy landscape shows several top recipients aligning with Stand With Crypto, backing clear federal rules to foster crypto innovation, including Jessica Hart Steinmann, Houston Gaines, and Carlos De La Cruz.

  • Jessica Hart Steinmann, a Texas district candidate, has $771,657 in support and is positioned with Stand With Crypto for regulatory clarity on crypto.

  • Houston Gaines, a Georgia state representative running for Congress, has $708,828 in support and backs the Genius and Clarity acts per Stand With Crypto.

  • Carlos De La Cruz, a Texas candidate with $615,885 in backing, advocates clear federal rules to promote innovation, according to Stand With Crypto.

  • Maryland Democrat Adrian Boafo has introduced measures to ease digital asset restrictions and create a state Digital Asset Task Force, backed by $3.29 million in campaign funds.

  • Other affected figures include Randy Fine and James Walkinshaw, each receiving substantial support tied to their positions on crypto bills and elections.

  • Industry lobbying has surged ahead of the November midterms, with nearly $200 million spent to influence federal oversight and champion acts like the Genius Act and Clarity Act.

  • Campaign spending in the 2024 cycle totals around $189 million, signaling a push to shape policy before the 2026 midterms, especially as the August recess nears.

  • The overarching goal is to advance passage of the Genius Act and Clarity Act to establish clearer federal rules for digital assets.

  • Fairshake has raised more than $136 million this cycle, directing funds to 10 top-spending congressional candidates with specific dollar allocations.

  • Georgia figures include Jasmine Clark backing a state framework for stablecoins, while Christian Menefee has not yet voted on crypto legislation due to party changes and redistricting.

  • James Walkinshaw, Virginia representative-elect, has $1.01 million in backing, co-authored local blockchain-related op-eds, and remains active in crypto discussions even as Genius/Clarity debates unfold.

Summary based on 3 sources


Get a daily email with more Crypto stories

More Stories