A political action committee (PAC) that claimed to “support candidates working to advance digital asset and blockchain policy in the United States” has announced its picks for the 2026 election cycle, potentially influencing key races with money from the crypto industry.
In Thursday’s announcement, the Blockchain Leadership Fund he said endorsed ten candidates for the 2026 U.S. midterm elections, four for the Senate and six for the House of Representatives. Chainlink Labs and Anchorage Digital announced the launch of the PAC in March among other committees like Fairshake that have spent huge in the 2024 U.S. election cycle.
The PAC selected Republicans Barry Moore, Kurt Alme and Jon Husted for U.S. Senate races in Alabama, Montana and Ohio, respectively, and Houston Gaines, Jim Kingston and Jon Bonck for House races in Georgia’s 10th, 1st and 3rd districts and Texas’ 38th district, respectively. He will also support Democratic candidates Angie Craig for U.S. Senate in Minnesota and Adrian Boafo and Christian Menefee and Don Davis in House races in Maryland, Texas and North Carolina.
“We believe that constructive participation from both sides is critical to ensuring that the United States remains a world leader in fintech and the future of finance,” an Anchorage Digital spokesperson said. “We remain committed to supporting responsible innovation and constructive policymaking that moves digital assets further into the regulatory arena and strengthens trust in the ecosystem.”
Funding for the Blockchain Leaders Fund. Source: FEC
The committee, a hybrid PAC formed to allow contributions directly to candidates as well as independent spending, said it may announce support for other candidates “who support responsible digital asset policies” ahead of the November midterm elections. As of Thursday, filings with the Federal Election Commission (FEC) showed only $175,000 in funding for the Blockchain Leadership Fund: $100,000 from Anchorage and $75,000 from Chainlink.
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The approval of the Blockchain Leadership Fund comes after some of its chosen candidates won their primary elections on Tuesday. Kingston and Gaines won the Republican primary in Georgia, and Moore will run for a U.S. Senate seat in Alabama after failing to obtain a majority of the vote.
The three have already benefited from a combined $8.5 million in media spending by Defend American Jobs PAC, a Fairshake affiliate that also contributed about $350,000 to the media to support Bonck in Georgia. Another Fairshake-affiliated PAC, Protect Progress, spent more than $4.1 million to support Menefee in his Texas runoff against incumbent Al Green and more than $2 million in media for Boafo in Maryland.
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While Menefee and Green are scheduled to go head-to-head next Tuesday, crypto industry money is also flowing into Texas as part of the Republican primary for one of the U.S. Senate seats.
Fellowship PAC, an $11 million committee funded by Cantor Fitzgerald and Anchorage Digital, reported on Wednesday to the FEC that it would spend $500,000 to support Texas Attorney General Ken Paxton’s U.S. Senate run. The filing came more than a month after Fellowship reportedly withdrew media funding to Paxton in response to pressure from Republican leaders over Commerce Secretary Howard Lutnick, who has ties to Cantor Fitzgerald.
Truth Social post endorsing Ken Paxton for US Senate. Source: Donald Trump
US President Donald Trump announced on Tuesday that he would support Paxton in his fight against incumbent John Cornyn. State Rep. James Talarico won the March Democratic primary and will face the Republican nominee, who will be selected after Tuesday’s runoff between Paxton and Cornyn.
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