Stand With Crypto — an advocacy group started by Coinbase last year — has formed a new political action committee (PAC) to raise money from its 440,000 members in support of crypto-friendly politicians.

Funds raised will be used to support bipartisan candidates running for the House of Representatives and the Senate in November’s U.S. elections, Reuters reported on Friday.

Stand With Crypto operates as a 501(c)(4) nonprofit aimed at mobilizing U.S. cryptocurrency owners to push for clear, sensible regulations, leveraging educational initiatives and public engagement to influence legislation and support innovation within the crypto industry.

The PAC's supported candidates include Jim Banks, a Republican running for Senate in Indiana; Jim Justice, a Republican running for Senate in West …