What is the Blockchain Leadership Fund crypto PAC?

The Blockchain Leadership Fund is a hybrid political action committee backed by Anchorage Digital and Chainlink Labs that supports US candidates seen as friendly to digital asset policy. Hybrid PACs can both donate directly to campaigns and spend independently on advertising and media.

Which candidates did the Blockchain Leadership Fund endorse for the 2026 midterms?

The PAC endorsed 10 candidates across Senate and House races, including Republicans Barry Moore, Kurt Alme and Jon Husted, alongside Democrats Angie Craig, Adrian Boafo, Christian Menefee and Don Davis. The endorsements span several states including Texas, Georgia, Ohio, Minnesota and Maryland.

Why does crypto industry money matter in the 2026 US elections?

Crypto-backed PACs are trying to shape future regulation by supporting candidates viewed as pro-digital asset innovation. The industry spent heavily during the 2024 election cycle, and firms now appear focused on building longer-term political influence ahead of future crypto legislation.

How much money does the Blockchain Leadership Fund currently have?

Federal Election Commission filings showed the PAC had raised $175,000 as of Thursday. Anchorage Digital contributed $100,000, while Chainlink Labs provided $75,000.

How is the Blockchain Leadership Fund connected to Fairshake?

The Blockchain Leadership Fund is separate from Fairshake, but both are part of the broader crypto political spending ecosystem. Fairshake-affiliated PACs already spent millions supporting several of the same candidates endorsed by the Blockchain Leadership Fund.

Which races have already seen major crypto PAC spending?

Fairshake affiliate Defend American Jobs reportedly spent about $8.5 million supporting Barry Moore, Jim Kingston and Houston Gaines, while Protect Progress spent more than $4.1 million backing Christian Menefee in Texas. Additional spending also supported Adrian Boafo in Maryland and Jon Bonck in Georgia.

Why is the Texas Senate race becoming important for crypto firms?

Crypto-linked PACs are spending heavily in Texas because the state could influence future US financial and digital asset policy. Fellowship PAC, funded by Cantor Fitzgerald and Anchorage Digital, recently reported a $500,000 spend supporting Texas Attorney General Ken Paxton.

How does Donald Trump factor into the Texas crypto-backed Senate race?

US President Donald Trump publicly endorsed Ken Paxton over incumbent Senator John Cornyn. Trump’s backing could strengthen Paxton’s chances in the Republican runoff and potentially align crypto industry spending with broader Republican political momentum.

Image for illustrative purposes only. Not a real photo.

Crypto PAC backs 10 candidates for midterms

Written by Isaac FrancisPublished May 21, 2026, 11:44 PM

The Blockchain Leadership Fund, a crypto-backed political action committee launched by Anchorage Digital and Chainlink Labs, endorsed 10 candidates for the 2026 US midterm elections.

The hybrid PAC said it would support four Senate candidates and six House candidates across several states as the crypto industry ramps up political spending ahead of key congressional races.

The committee’s endorsed candidates include Republicans Barry Moore, Kurt Alme and Jon Husted for Senate races in Alabama, Montana and Ohio, alongside Democrat Angie Craig in Minnesota, while House endorsements span Georgia, Texas, Maryland and North Carolina.

“We believe constructive bipartisan participation is critical to ensuring the US remains a global leader in financial technology and the future of finance,”

Said an Anchorage Digital spokesperson.

Federal Election Commission filings showed the Blockchain Leadership Fund had raised $175,000 as of Thursday, including $100,000 from Anchorage and $75,000 from Chainlink, though affiliated crypto PACs have already spent millions supporting several endorsed candidates.

The endorsements followed successful primaries for some candidates this week, including Republican victories by Jim Kingston and Houston Gaines in Georgia, while Barry Moore advanced to a Senate runoff in Alabama after failing to secure a majority vote.

Crypto industry spending is also intensifying in Texas, where Fellowship PAC, backed by Cantor Fitzgerald and Anchorage Digital, disclosed plans to spend $500,000 supporting Texas Attorney General Ken Paxton in his Senate primary race after receiving backing from Donald Trump.