The new cryptocurrency political action committee, BLF, will be established, betting on the U.S. midterm elections.

2026-03-31 10:42:33

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Deep Tide TechFlow message: On March 31, according to CryptoSlate, the Blockchain Leadership Fund (BLF) was officially established on March 30, with the goal of supporting candidates who help advance digital asset and blockchain policy. Initial supporters include Anchorage Digital and Chainlink Labs.

BLF is supported by members of the The Digital Chamber and operates as a hybrid political action committee (PAC). It can directly donate to candidates, and it can also carry out independent political advocacy activities. The plan is to cover elections at the federal, state, and local levels.

Meanwhile, the crypto industry’s major PAC, Fairshake, ran into setbacks in the 2026 Illinois Republican primary. The committee spent nearly $20 million in this round of elections, but the results were limited—Juliana Stratton, the Illinois lieutenant governor whom it spent more than $10 million to oppose, still won the Democratic Senate primary. State Representative La Shawn Ford also secured a win despite roughly $2.5 million in opposing funding. Fairshake won only in three House elections.

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