Chainlink Labs and Anchorage Digital have announced they are the founding contributors to a new political action committee aimed at supporting candidates who back digital asset and blockchain policy in the United States. The group, called the Blockchain Leadership Fund, is structured as a hybrid PAC, meaning it can both contribute directly to candidates and fund independent expenditures such as media campaigns. The announcement came roughly seven months before the November midterm elections, in which voters will decide which party controls both chambers of Congress.
Neither company disclosed the specific amounts they have contributed to the fund. Records from the Federal Election Commission show no reported funding between the PAC’s formation in September and December 31 of the prior year, though Anchorage, which carries a valuation of $4.2 billion, stated it would be deploying corporate resources toward the effort. Members of the advocacy organization The Digital Chamber are also participating in the initiative.
A spokesperson for Chainlink indicated that candidates willing to support the CLARITY Act — a crypto market structure bill currently moving through the Senate — merit organized and sustained backing from the industry. The PAC’s precise electoral targets remain unclear based on available FEC filings, and the organizations did not immediately respond to requests for further detail on their plans.
Anchorage co-founder and CEO Nathan McCauley has reportedly held regular meetings with lawmakers to discuss the market structure legislation, which remains stalled in part over disagreements related to stablecoin yield and related issues. Anchorage is among numerous crypto-linked companies that stand to benefit if the bill is eventually signed into law. The GENIUS Act, a payment stablecoin bill, was approved in July and represents another piece of legislation relevant to the sector.
“2026 will be pivotal for crypto regulation,” Anchorage said in its announcement. “The choices we make now will shape the industry, and American financial leadership, for decades.” The company framed the outcome as dependent on which stakeholders choose to invest in the political process ahead of the vote.
The 2024 federal elections saw a reported 270 candidates considered pro-crypto win seats in Congress, alongside Donald Trump winning the presidency. Crypto-aligned PACs, including Fairshake — funded in part by Ripple and Coinbase — and its affiliated groups, collectively spent hundreds of millions of dollars supporting favored candidates across the country during that cycle.
With several US state primaries already concluded in 2026, crypto-aligned political groups have signaled through their spending patterns that they intend to replicate the strategy used in 2024. Fairshake disclosed in January that it had assembled a war chest exceeding $192 million for races taking place this year, underscoring the scale of the industry’s continued political engagement.
Originally reported by CoinTelegraph.
