A political action committee (PAC) that claimed to “support candidates working to advance digital asset and blockchain policy in the United States” announced its picks for the 2026 election cycle, potentially influencing key races with money from the crypto industry.
In a Thursday notice, the Blockchain Leadership Fund said it had endorsed ten candidates for the 2026 US midterm elections, four in the Senate and six in the House of Representatives. Chainlink Labs and Anchorage Digital announced the launch of the PAC in March amid other committees that spent heavily in the 2024 US election cycle, like Fairshake.
The PAC’s picks included Republicans Barry Moore, Kurt Alme and Jon Husted for US Senate races in Alabama, Montana and Ohio, respectively, and Houston Gaines, Jim Kingston and Jon Bonck for House runs in Georgia’s 10th district, Georgia’s 1st district and Texas’ 38th district, respectively. It will also support Democrats Angie Craig run for the US Senate in Minnesota and Adrian Boafo, Christian Menefee and Don Davis for House races in Maryland, Texas, 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. “We remain committed to supporting responsible innovation and constructive policymaking that brings digital assets further into the regulatory perimeter and strengthens trust in the ecosystem.”
Funding for Blockchain Leadership Fund. Source: FEC
The committee, which is a hybrid PAC set up to allow contributions directly to candidates as well as independent expenditures, said it may announce support for other candidates “who support responsible digital asset policy” before the midterm elections in November. As of Thursday, filings with the Federal Election Commission (FEC) showed only $175,000 in funding for the Blockchain Leadership Fund: $100,000 from Anchorage and $75,000 from Chainlink.
The Blockchain Leadership Fund’s endorsements came after some of its chosen candidates won their respective primaries on Tuesday. Kingston and Gaines won Republican primaries in Georgia, and Moore will go to a runoff for Alabama’s US Senate seat after failing to secure a majority of the vote.
All three already benefited from a combined $8.5 million in media spending by the Defend American Jobs PAC, a Fairshake affiliate, which also poured about $350,000 into media to support Bonck in Georgia. Another PAC affiliated with Fairshake, Protect Progress, spent more than $4.1 million to support Menefee in his Texas runoff against incumbent Al Green and more than $2 million on media for Boafo in Maryland.
Crypto spending ahead of Texas Senate race, Trump gets involved
While Menefee and Green are set to go head-to-head next Tuesday, money from the crypto industry is also flowing into Texas over a Republican primary for one of the state’s US Senate seats.
The Fellowship PAC, an $11 million committee funded by Cantor Fitzgerald and Anchorage Digital, reported to the FEC on Wednesday that it would be spending $500,000 to support Texas Attorney General Ken Paxton for US Senate. The filing came more than a month after Fellowship reportedly withdrew funding for media on Paxton in response to pressure from Republican leaders toward Commerce Secretary Howard Lutnick, connected to Cantor Fitzgerald.
Truth Social post endorsing Ken Paxton for US Senate. Source: Donald Trump
US President Donald Trump announced on Tuesday that he would be supporting Paxton over incumbent John Cornyn. State Representative James Talarico won a March Democratic primary, and will face off against the Republican candidate to be decided after a Tuesday runoff between Paxton and Cornyn.
