A hybrid political action committee backed by crypto firms Anchorage and Chainlink has announced endorsements for the 2026 midterm elections. Federal Election Commission filings show the PAC reported just $175,000 in contributions so far. That's a modest sum for a group that plans to influence voters through media buys in several states before key races.
Endorsements and media buys
The PAC hasn't publicly disclosed the full list of endorsed candidates, but the filings confirm it's targeting media markets in multiple states. Hybrid PACs can raise unlimited funds from donors while also coordinating directly with campaigns, giving them more flexibility than traditional PACs. The group's backers — Anchorage, a crypto custodian, and Chainlink, a blockchain oracle network — signal the industry's growing interest in shaping federal policy.
Why the dollar figure matters
$175,000 is pocket change in federal politics. A competitive House race can easily cost millions. But the hybrid PAC structure means it can accept unlimited contributions, so the number could grow fast. The question is whether crypto donors will open their wallets. Other industry PACs have raised tens of millions in past cycles, but this group is starting lean.
The midterms are months away. The PAC will need to show it can scale up quickly if it wants to make a real dent. FEC filings due in July will offer the first real test: either new money flows in, or this remains a symbolic first step. Either way, the industry's political footprint just got a little bigger — even if the bank account isn't bulging yet.
