A new crypto-aligned political action committee, the Blockchain Leadership Fund, has endorsed 10 candidates across seven states for the 2026 midterm elections, including four Senate hopefuls and six House contenders. The fund, backed by Chainlink Labs and Anchorage Digital, signals the industry's expanding political footprint. Separately, the Fellowship PAC, an $11 million fund supported by Cantor Fitzgerald and Anchorage Digital, committed $500,000 to Texas Attorney General Ken Paxton's Senate bid.
The Blockchain Leadership Fund's slate
The fund's endorsements span both parties. Senate picks: Republicans Barry Moore (Alabama), Kurt Alme (Montana), and Jon Husted (Ohio), plus Democrat Angie Craig (Minnesota). House endorsements include Democrats Adrian Boafo (Maryland), Christian Menefee (Texas), and Don Davis (North Carolina). The fund raised $175,000 total — $100,000 from Anchorage Digital and $75,000 from Chainlink Labs. Anchorage said it's committed to bipartisan engagement and supporting responsible innovation for digital assets.
Deep pockets behind the endorsements
The Blockchain Leadership Fund's cash is dwarfed by Fairshake-affiliated PACs backing some of the same candidates. The Defend American Jobs PAC spent $8.5 million on media for several endorsed contenders. Another Fairshake affiliate, Protect Progress, poured over $4.1 million behind Christian Menefee in Texas and over $2 million behind Adrian Boafo in Maryland. That's real money in contested primaries.
The Texas race gets a boost
The Fellowship PAC's $500,000 commitment to Ken Paxton came after an earlier reported withdrawal of support — pressure from Commerce Secretary Howard Lutnick reportedly played a role. President Donald Trump has endorsed Paxton over incumbent Republican Senator John Cornyn. Paxton and Cornyn head into a Republican primary runoff. On the Democratic side, State Representative James Talarico won his primary in March.
The Blockchain Leadership Fund may endorse additional candidates before November who support responsible digital asset policy. That leaves plenty of races still in play — and more crypto cash likely to flow. The Texas runoff alone could draw further spending as Paxton and Cornyn battle for the GOP nod.
