A political action committee (PAC) focused on advancing digital asset and blockchain policy in the United States has announced its endorsements for candidates in the 2026 election cycle, signaling its intent to leverage financial influence in pivotal races. The Blockchain Leadership Fund unveiled its picks in a recent notice, supporting ten candidates across both the Senate and House of Representatives.
The newly formed PAC, initiated by Chainlink Labs and Anchorage Digital in March, aims to promote candidates who advocate for policies supporting the digital asset industry. In total, the PAC has backed four candidates for Senate positions and six for the House in the upcoming midterms.
Among those receiving endorsements are Republican candidates Barry Moore (Alabama), Kurt Alme (Montana), and Jon Husted (Ohio) for their respective Senate races. For the House, the PAC is backing Houston Gaines, Jim Kingston, and Jon Bonck in Georgia’s 10th district, 1st district, and Texas’ 38th district, respectively. On the Democratic side, the PAC has endorsed Angie Craig for the Senate in Minnesota, along with Adrian Boafo, Christian Menefee, and Don Davis for House races in Maryland, Texas, and North Carolina.
An Anchorage Digital spokesperson emphasized the importance of bipartisan involvement in advancing financial technology in the U.S. and expressed the PAC’s dedication to promoting responsible innovation and effective regulation of digital assets. The spokesperson stated, “We believe constructive bipartisan participation is critical to ensuring the US remains a global leader in financial technology and the future of finance.”
The Blockchain Leadership Fund is classified as a hybrid PAC, enabling it to make direct contributions to candidates and engage in independent expenditures. The committee has suggested that it may announce more endorsements in the lead-up to the midterm elections, contingent on candidates’ support for responsible digital asset policies. Currently, funding for the PAC stands at $175,000, sourced largely from Anchorage Digital and Chainlink.
The PAC’s endorsements follow recent primary victories by some of its candidates, including Kingston and Gaines, who emerged as Republican nominees in Georgia. Notably, Barry Moore is poised for a runoff in the Alabama Senate race after failing to achieve a majority in the primary.
In addition to the funds allocated by the Blockchain Leadership Fund, these candidates have also received significant financial backing from other PACs. The Defend American Jobs PAC, an affiliate of Fairshake, reported spending a combined $8.5 million on media to support Kingston and Gaines, while also contributing around $350,000 in support of Jon Bonck. Another Fairshake-affiliated PAC, Protect Progress, spent over $4.1 million to bolster Menefee’s campaign against incumbent Al Green in Texas and more than $2 million for Boafo’s efforts in Maryland.
The flow of funding from the crypto space is notably apparent in Texas, where the Fellowship PAC, backed by Cantor Fitzgerald and Anchorage Digital, announced a $500,000 expenditure to support Texas Attorney General Ken Paxton in his bid for the Senate. This comes after the PAC initially scaled back its media spending on Paxton due to internal pressures.
Adding a high-profile angle, former US President Donald Trump has publicly endorsed Paxton, positioning him against incumbent Senator John Cornyn. The Democratic primary in Texas is marked by a showdown between State Representative James Talarico and the winner of the expected runoff between Paxton and Cornyn.
