Chainlink Labs, Anchorage Digital Back New Crypto Super PAC Ahead of Midterms

In brief The Blockchain Leadership Fund launched Monday with Anchorage Digital and Chainlink Labs as founding contributors. BLF is structured as a hybrid PAC, allowing both direct candidate contributions and independent expenditures. The new PAC enters a field already dominated by Fairshake, which has amassed $116 million for the 2026 midterms. The Blockchain Leadership Fund, a new political action committee focused on digital asset policy, launched Monday. The new PAC adds another player to a crypto lobbying landscape already flush with cash heading into the 2026 midterms. The Blockchain Leadership Fund, a hybrid PAC formed by members of The Digital Chamber, announced its launch in a press release , with Anchorage Digital and Chainlink Labs as founding contributors. Structured as a hybrid PAC, BLF can make both direct candidate contributions and independent expenditures—and says it will engage across federal, state, and local races. "Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road; the ones that don’t will inherit them,” an Anchorage Digital spokesperson said in the release.   The launch comes as the crypto industry's political infrastructure has grown dramatically since Fairshake, the sector's dominant super PAC, registered with the FEC in March 2023. Backed primarily by Coinbase, Andreessen Horowitz, and Ripple, Fairshake raised nearly $300 million during the 2024 election cycle and backed winning candidates in at least 90% of the congressional races where it spent $1 million or more. By January 2025, the PAC had already amassed $116 million for the 2026 midterm election cycle. As of last month, crypto industry political action groups had already spent some $288 million on the midterms , according to independent journalist Molly White. BLF's connection to The Digital Chamber is notable. The group has been lobbying for stablecoin rewards , and in 2024 was vocal in urging Democratic presidential nominee Kamala Harris to pick a crypto-friendly running mate . "The viewpoint is now: 'Your position on crypto matters not just until November 5. Your position matters long-term," Cody Carbone, then the lobbying group's president (now CEO), told Decrypt in November 2024. He added that by signaling its staying power into 2026, he thought Fairshake was trying to dispel the notion that crypto's political moment had already passed. It remains to be seen whether the Blockchain Leadership Fund will operate as a complement to Fairshake or carve out its own lane. The BLF didn't immediately respond to a request for comment from Decrypt on the matter. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!