A new political action committee focused on digital asset policy has entered the crypto lobbying arena. The Blockchain Leadership Fund announced its launch on Monday, adding another organization to an already well-funded industry political infrastructure ahead of the 2026 midterm elections. The group was formed by members of The Digital Chamber, with Anchorage Digital and Chainlink Labs serving as founding contributors.
Structured as a hybrid PAC, the Blockchain Leadership Fund is positioned to make both direct candidate contributions and independent expenditures. The organization says it intends to engage in federal, state, and local races, giving it a broad scope of political activity. This structure distinguishes it from traditional super PACs, which are limited to independent spending only.
An Anchorage Digital spokesperson emphasized the urgency behind the launch, stating that crypto policy is actively being written and that companies choosing to engage will help shape the regulatory framework, while those that do not will be left to accept whatever rules emerge. The comment reflects a broader industry sentiment that political participation is now considered essential for companies operating in the digital asset space.
The new PAC enters a landscape that has expanded considerably since Fairshake, the sector’s dominant super PAC, registered with the Federal Election Commission in March 2023. Backed primarily by Coinbase, Andreessen Horowitz, and Ripple, Fairshake raised nearly $300 million during the 2024 election cycle. The group backed winning candidates in at least 90% of the congressional races where it spent $1 million or more.
Fairshake’s momentum has carried into the current cycle. By January 2025, the PAC had already accumulated $116 million for the 2026 midterms. According to independent journalist Molly White, crypto industry political action groups had collectively spent approximately $288 million on the midterms as of last month, underscoring the scale of the industry’s political ambitions.
The Blockchain Leadership Fund’s ties to The Digital Chamber add further context to its launch. The lobbying organization has previously advocated for stablecoin rewards and was publicly vocal in 2024 about urging then-Democratic presidential nominee Kamala Harris to select a crypto-friendly running mate. The group has positioned itself as a long-term political force rather than one focused solely on individual election cycles.
Cody Carbone, who served as the lobbying group’s president at the time and has since become its CEO, told Decrypt in November 2024 that a candidate’s stance on crypto now carries long-term significance beyond any single election date. He suggested that Fairshake’s continued activity into 2026 was intended to demonstrate that the industry’s political engagement was not a temporary phenomenon. Whether the Blockchain Leadership Fund will operate alongside Fairshake or pursue a distinct strategy remains unclear, as the group did not respond to a request for comment on the matter.
Originally reported by Decrypt.
