Chainlink Labs and Anchorage Digital just backed a new crypto super PAC. It’s called the Blockchain Leadership Fund. Target: the 2026 midterm elections.
BLF launched Monday as a hybrid political action committee. That means it can donate directly to candidates. It can also fund independent expenditures like advertising campaigns.
The PAC was formed by members of The Digital Chamber. It’ll support pro-crypto candidates. Federal races. State races. Local races.
The timing matters. Lawmakers are drafting rules right now. Digital assets. Stablecoins. Market structure. BLF wants influence while those debates are happening.
Anchorage Digital and Chainlink Labs are founding contributors. Major infrastructure players are now investing in political influence. They’re going beyond Fairshake, the sector’s already-dominant super PAC.
Fairshake has shown what concentrated crypto funding can do. The super PAC raised nearly $300 million during the 2024 election cycle. Coinbase, Andreessen Horowitz, and Ripple backed it heavily.
The group claims a win rate above 90%. That’s in races where it spent over $1 million. By early 2025, it had already stockpiled $116 million for the 2026 midterms.
Crypto political groups collectively spent about $288 million on the midterm elections.
BLF’s ties to The Digital Chamber suggest a strategic agenda. It extends beyond just electoral victories. Industry advocates have been lobbying for stablecoin rewards. They’ve been pressing Democrats to embrace crypto-friendly leadership positions.
The argument: policymakers’ positions on crypto shape long-term regulatory frameworks. Their stances matter well past individual election dates.
It’s unclear whether BLF will coordinate with Fairshake’s efforts. Or operate independently. That could mean competing for influence and candidate endorsements.
The arrival of a second major crypto super PAC signals commitment. The industry’s building a durable political presence. Regulatory frameworks are taking shape right now.
Billions in funding already deployed. Policy debates intensifying. Crypto’s political apparatus isn’t retreating from Washington. Or state capitals. Not heading into the next election cycle.
