A political action committee (PAC) aimed at advancing digital asset and blockchain policy in the United States has unveiled its endorsements for the 2026 election cycle, potentially reshaping key races through financial backing from the cryptocurrency sector. The Blockchain Leadership Fund, launched by Chainlink Labs and Anchorage Digital earlier this year, announced its choice of ten candidates for the upcoming midterm elections, comprising four Senate contenders and six House representatives.
The endorsed candidates include Republicans Barry Moore (Alabama), Kurt Alme (Montana), and Jon Husted (Ohio) for Senate races, alongside Houston Gaines, Jim Kingston, and Jon Bonck for House elections in Georgia’s 10th district, Georgia’s 1st district, and Texas’ 38th district, respectively. Notably, the PAC also supports Democrat Angie Craig in Minnesota’s Senate race and three House candidates: Adrian Boafo, Christian Menefee, and Don Davis, set to compete in Maryland, Texas, and North Carolina.
In a statement, an Anchorage Digital spokesperson emphasized the importance of bipartisan collaboration for maintaining the U.S.’s leadership in financial technology. The spokesperson noted a commitment to promoting responsible innovation and effective policymaking that incorporates digital assets into regulatory frameworks, thereby enhancing trust in the ecosystem.
The Blockchain Leadership Fund functions as a hybrid PAC, permitting direct contributions to candidates as well as independent expenditure support. While the committee has signaled intentions to possibly endorse additional candidates advocating for responsible digital asset policies before the November elections, its current funding totals $175,000, with contributions of $100,000 from Anchorage and $75,000 from Chainlink.
The announcement of endorsements comes on the heels of recent primary victories among the chosen candidates. Kingston and Gaines successfully won their respective Republican primaries in Georgia, while Moore is advancing to a runoff for Alabama’s Senate seat after not achieving a majority vote.
These candidates have already benefitted from substantial financial backing, receiving a collective $8.5 million in media support from the Defend American Jobs PAC, associated with Fairshake. Additionally, Protect Progress, another PAC linked to Fairshake, has invested over $4.1 million in favor of Menefee in his runoff against incumbent Al Green and more than $2 million for Boafo in Maryland.
In Texas, the crypto industry’s influence is also evident in the Republican primary for a Senate seat. The Fellowship PAC, an $11 million committee supported by Cantor Fitzgerald and Anchorage Digital, disclosed plans to allocate $500,000 toward promoting Texas Attorney General Ken Paxton for the Senate. This announcement follows the PAC’s earlier withdrawal of media funding for Paxton due to pressures from Republican leadership associated with Commerce Secretary Howard Lutnick.
In a related development, former President Donald Trump expressed his endorsement for Paxton via a post on Truth Social, further intensifying the stakes in an ongoing political contest. The upcoming runoff will determine the Republican candidate, who will face Democratic contender James Talarico in the general election.
