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U.S. crypto industry shifts strategy after Clarity Act fails, targets Senate elections

The U.S. cryptocurrency industry is shifting its focus from persuading lawmakers to intervening in elections after Senate legislation stalled. Coinbase-founded advocacy group Stand With Crypto released its first list of endorsed Senate candidates, backing Republicans in Ohio and Iowa and Democrats in New Hampshire. It said endorsements are based on candidates’ crypto policies, not party. Fairshake PAC launched a $30 million campaign targeting Sherrod Brown as overall crypto political spending nears $200 million.