A new crypto-focused political action committee (PAC) has launched with backing from Anchorage Digital and Chainlink Labs ahead of the U.S. midterm election cycle. The formation signals renewed industry coordination as digital asset regulation remains unresolved in Washington.
The Blockchain Leadership Fund said it will support candidates advancing blockchain and digital asset policy. The initiative marks Anchorage Digital’s first direct involvement in PAC funding, while Chainlink Labs joins as a strategic backer. The group aims to influence voter engagement and legislative priorities during a critical election period.
Will Crypto PACs Shape US Regulation Outcomes?
The launch comes as U.S. lawmakers continue to debate comprehensive crypto legislation, including market structure and stablecoin frameworks. A bill passed the House in 2025, but progress has slowed in the Senate, particularly around how to treat stablecoin-related rewards. These unresolved issues have created uncertainty for both crypto firms and traditional financial institutions.
— Nathan McCauley ⚓ (@nathanmccauley) March 30, 2026
Industry participation in elections has increased sharply. During the 2024 cycle, crypto-backed PACs deployed millions of dollars to support candidates aligned with digital asset policies. Parallel efforts are also expanding, including advocacy campaigns that rate lawmakers based on their stance on crypto regulation. Could concentrated political funding shift the pace or direction of policymaking?
“Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road,” an Anchorage Digital spokesperson said.
A Chainlink Labs representative added that the complexity of market structure legislation requires sustained industry involvement to ensure workable outcomes for emerging technologies.
The Blockchain Leadership Fund said it will focus on “pro-innovation” candidates while emphasizing the long-term impact of regulatory decisions on U.S. financial leadership. The group’s positioning reflects broader concerns that delayed or unclear regulation could push innovation offshore.
Still, the next catalyst will be how Senate negotiations evolve in the coming months, particularly as election dynamics influence the urgency and scope of crypto legislation.
