The Senate fell short of advancing the CLARITY Act on Sept. 15, when a 49-50 cloture vote failed to reach the 60-vote threshold. Six days later, Coinbase CEO Brian Armstrong said Stand With Crypto had surpassed four million members.

Armstrong wrote in a post that “the 2024 election proved the importance of the crypto voter,” adding that voters would remember who supported them.

The Senate vote concerned whether to begin considering H.R. 3633, not final passage or the effectiveness of one group. Their proximity instead put Stand With Crypto’s political challenge in converting a large supporter list into the bipartisan votes needed to enact policy.

Armstrong’s statement marked the completion of an explicit Coinbase objective. In October 2024, the exchange committed to helping Stand With Crypto reach four million advocates before the 2026 midterm elections.

Coinbase had already said it helped create the organization in 2023, making membership growth part of its policy strategy.

Armstrong used “members,” while Stand With Crypto has also used “advocates.” After the Senate vote, the group described its US network as three million advocates . In May, it reported over 3.7 million members worldwide across six markets.

The figures cover different dates and geographies, so they are neither a single growth series nor necessarily contradictory. They also cannot be translated directly into four million American voters.

Stand With Crypto’s privacy policy describes members, subscribers, account holders, information received from partners, and advocacy activity, but it does not detail how the headline count is deduplicated, how inactive records are handled, or how many participants are verified US voters.