For anyone unsure of where their local candidates stand as far as crypto support, an organization called Crypto Action Network has it covered.
The pro crypto group, funded in part by crypto industry players, has put together a scorecard of every Congressional candidate running for election or re-election in the upcoming midterms.
Coinbase, which has an integration in its app that lets users gauge candidate “friendliness” in terms of crypto legislation and the sector in general, relies in part on info assembled by the Crypto Action Network.
According to Coinbase CEO Brian Armstrong, who announced the app integration via Twitter in mid-September:
“Some of the publicly available [politician] data backing this comes from an organization we helped support, called the CryptoActionNetwork. https://cryptoactionnetwork.org/scorecard. This scorecard is the first of its kind and a new tool for the crypto community to learn about their elected…
“…Crypto advocacy is very important for our mission of increasing economic freedom in the world, and Coinbase will do its part to help. But the crypto community is much bigger than Coinbase – hopefully we can all rally to engage elected leaders and drive sensible policies.”
Crypto’s Biggest Political Supporters and Detractors
On the Senate side, six Senators earned an “A” score for crypto friendliness, including four Republicans and two Democrats. Kristen Gillibrand (D-NY) and Ron Wyden (D-Or) made the A-list. Republicans Bob Portman (R-OH), Ted Cruz (R-TX), Cynthia Lummis (R-WY) and Pat Toomey (R-PA) also earned top grades. Toomey is retiring after the midterms.
28 current Senators scored a “B” rating.
The only senator to earn an “F” failing grade? Elizabeth Warren (D-MA).
With just 34 senators on the scorecard earning definitive positive ratings, it’s clear that crypto supporters have more to do if they want to see positive crypto political support reflected in future Senate crypto legislation.
On the House side, 24 members earned “A” ratings. Sentiment was pretty evenly split between parties, with 13 Republicans earning the highest grade, along with 11 Democrats.
According to cryptoactionnetwork.org, many legislators and candidates earned no ratings, or “Incomplete” (I) ratings, based on its methodology:
“Our grading system ranges from “A” to “F” and each Senator’s or Representative’s grade is based on public information using the following methodology:
- Sponsored and/or co-sponsored legislation;
- Positive or negative public statements; Selected cryptocurrency votes;
- Positive or negative cryptocurrency related op-eds,
- Positive or negative cryptocurrency Congressional letters;
- Crypto-caucus membership;
- And their willingness to host crypto-focused events and accept crypto donations to their campaigns.
“…While cryptocurrency is the future of our economy, CAN was only able to provide grades for half of the U.S. Senate and less than a quarter of the U.S. House of Representatives due to lack of action from members.”
The entire list of rated Congressional members and candidates is available here.