A new political action committee launched by industry heavyweights Chainlink Labs and Anchorage Digital has officially entered the 2026 US midterm fray. The Blockchain Leadership Fund (BLF), which describes its mission as supporting policymakers who advance responsible digital asset policy, unveiled a bipartisan list of ten endorsements across the Senate and House of Representatives.
Bipartisan Congressional Picks
The BLF’s initial wave of endorsements focuses on candidates actively supportive of crypto-friendly legislation, such as the CLARITY Act. The PAC selected four Senate and six House candidates spanning several pivotal battleground states:
| Candidate | Party | Chamber & State |
| Barry Moore | Republican | Senate (Alabama) |
| Kurt Alme | Republican | Senate (Montana) |
| Jon Husted | Republican | Senate (Ohio) |
| Angie Craig | Democrat | Senate (Minnesota) |
| Houston Gaines | Republican | House (Georgia, 10th District) |
| Jim Kingston | Republican | House (Georgia, 1st District) |
| Jon Bonck | Republican | House (Texas, 38th District) |
| Adrian Boafo | Democrat | House (Maryland) |
| Christian Menefee | Democrat | House (Texas) |
| Don Davis | Democrat | House (North Carolina) |
An Anchorage Digital spokesperson emphasized that “constructive bipartisan participation is critical to ensuring the US remains a global leader in financial technology.” The BLF operates as a hybrid PAC, a structure that allows the organization to both contribute directly to candidate campaigns and fund independent media expenditures.
Early Funding and Heavyweight Crypto Spenders
While the BLF is actively positioning itself, its initial war chest remains modest compared to older crypto super PACs. Filings with the Federal Election Commission (FEC) currently show $175,000 in early funding ($100,000 from Anchorage Digital and $75,000 from Chainlink Labs). However, the committee indicated it may announce further financial support for responsible policy advocates ahead of the November general elections.
Several of the BLF’s endorsed candidates have already advanced past Tuesday’s primaries, notably benefiting from massive independent expenditures by parallel crypto-advocacy groups. The Defend American Jobs PAC has already poured a combined $8.5 million into media buys for Moore, Kingston, and Gaines, plus an additional $350,000 supporting Bonck. On the Democratic side, Fairshake’s Protect Progress affiliate injected over $4.1 million to back Menefee in Texas and $2 million for Boafo in Maryland.
Texas Senate Showdown
The crypto industry’s political influence is sharply concentrated in Texas, where high-profile figures are intervening in a heated Republican Senate primary runoff.
The Fellowship PAC, an $11 million committee backed by Cantor Fitzgerald and Anchorage Digital, filed an FEC notice on Wednesday detailing a $500,000 media spend to bolster Texas Attorney General Ken Paxton’s Senate bid. Paxton, who secured an endorsement from President Donald Trump earlier in the week, is challenging incumbent Senator John Cornyn in next Tuesday’s runoff. The victor will face Democratic representative James Talarico in what promises to be one of the cycle’s most heavily funded and closely watched Senate contests.
