NewsCryptoUncalled Midterm Races Could Add More Crypto Supporters to Congress

Uncalled Midterm Races Could Add More Crypto Supporters to Congress

Author: Cointelegraph·

Key Takeaways

  • •Fourteen midterm races remain uncalled just over a week after Democrats won control of Congress, with outcomes that could raise the number of crypto-supporting lawmakers.
  • •Crypto PAC money is backing leading candidates in three undecided House races, including $508,142 from Defend American Jobs to Alaska's Rep. Nick Begich and $150,600 to North Carolina's Rep. David Rouzer.
  • •Louisiana state Sen. Blake Miguez, who received $250,000 from the Fellowship PAC, will face Democrat Chauna Banks in a Dec. 12 runoff for the state's 6th District.
  • •After the Associated Press called South Carolina's 2nd District for Rep. Joe Wilson, Stand With Crypto's tally stood at 246 crypto supporters in the House and 50 in the Senate.
  • •Blockchain Association Chief Policy Officer Lindsay Fraser said age matters more than party affiliation in crypto votes, noting members under 55 are more likely to support the industry and the incoming class skews younger.
Uncalled Midterm Races Could Add More Crypto Supporters to Congress

Just over a week after a “blue wave” — a decisive Democratic showing — delivered Democrats control of both chambers of the US Congress, 14 midterm races remain uncalled. Results so far have added crypto supporters to the House and Senate, and the outstanding contests could push that number higher.

Three candidates in the undecided races received financial backing from crypto-focused political action committees (PACs). According to Stand With Crypto, every candidate in those races is either strongly pro-crypto or has yet to state a position. With an eye toward the 2028 election cycle, crypto advocacy groups are now focusing their attention on lawmakers who have not taken a public stance on the industry.

House Races Still to Be Called

Crypto PACs supported three candidates in US House races that remain unresolved. Two incumbents lead in Alaska and North Carolina, while a Louisiana state senator heads to a December runoff.

Rep. Nick Begich leads in Alaska’s US House race. Defend American Jobs, the Republican-facing affiliate of Fairshake — one of the largest crypto-focused super PACs — contributed $508,142 to his August primary campaign. The same PAC put $150,600 behind Rep. David Rouzer, who leads in North Carolina’s 7th District.

Louisiana state Sen. Blake Miguez will face Democrat Chauna Banks in a Dec. 12 runoff for the state’s 6th District. Louisiana sends races to a runoff when no candidate wins a majority in November. The Fellowship PAC backed Miguez with $250,000.

Elsewhere, the Associated Press called South Carolina’s 2nd District for incumbent Rep. Joe Wilson on the morning of Nov. 11. Stand With Crypto rates Wilson as “strongly supportive of crypto.” His victory lifted the group’s House tally to 246 crypto supporters and 107 opponents, while the Senate stood at 50 supporters and 33 opponents. Both counts remain in flux until the outstanding races are called and the Louisiana runoff is decided.

In the races still outstanding, Stand With Crypto lists each candidate as either strongly supportive of crypto or having no stated position. “The new members that have no stance present an opportunity,” Blockchain Association Chief Policy Officer Lindsay Fraser told Cointelegraph.

Educating the Incoming Congress

Nearly one in four members of the incoming Congress will be new, Fraser said, and many have given little thought to blockchain technology. “To us, that represents a blank slate in terms of education,” she said.

Blockchain Association is planning a January fly-in — a lobbying effort that brings industry representatives to Washington for in-person meetings with lawmakers — to reach newly elected members. “Leaving the 120th Congress with more members in that A and B category would be a huge success,” she said, referring to Stand With Crypto’s rating system, which assigns an A to candidates who strongly support crypto and a B to those who are somewhat supportive.

Fraser added that age plays a bigger role than party affiliation in how lawmakers vote on crypto matters. Members under 55 are much more likely to support the industry, she said, and the incoming class skews younger.

Looking further ahead, Fraser said she wants the industry to enter the 2028 election “with two candidates who […] are thoughtful in regards to the industry,” so the sector can avoid “living and dying by the outcome of that election.”