The US midterm elections are approaching: a new breakthrough from a popular altcoin in partnership with the US Department of Commerce!

Donald Trump won the US presidential election in November 2024, marking the beginning of a new era for the United States.

However, only seven months remain until the midterm elections, and the campaign has already begun. Accordingly, major cryptocurrency companies are expanding their influence on politics through political fundraising groups.

According to the latest news, Chainlink Labs and Anchorage Digital have joined the list of founders of the political action committee (PAC) called “Blockchain Leadership Fund” in the US.

Chainlink Labs, the developer of the blockchain oracle Chainlink (LINK), and Anchorage Digital, which provides digital asset custody for institutional clients, have joined the American lobbying group Blockchain Leadership Fund (BLF) to promote more positive policies regarding cryptocurrencies and blockchain.

The group will operate as a “hybrid political action committee,” allowing both direct donations to candidates and independent campaign spending (for example, advertising). Neither company disclosed the amount of their donations.

The formation of the Political Action Committee (PAC) comes ahead of the November 3 midterm elections, and the election results are of great significance.

The results will determine which party gains the majority in the House of Representatives and the Senate, and are expected to have a direct impact on legislation related to cryptocurrencies. This is because they are closely linked to the promotion of key bills, including the “GENIUS” stablecoin law and the “CLARITY” market structure law.

At this stage, Chainlink Labs stated that the industry needs organized support for candidates who support the CLARITY Act.

Co-founder and CEO of Anchorage, Nathan McCauley, said: “2026 will be decisive for cryptocurrency regulation. The choices we make now will determine the industry’s development and American financial sector leadership for decades to come. The outcome will depend on who invests in this process and who takes initiative at critical moments.”

As you may recall, in the 2024 US presidential and general elections, about 270 candidates supporting cryptocurrencies secured seats in Congress, and the political committee “Fairshake,” supported by Ripple and Coinbase, spent hundreds of millions of dollars to exert significant influence on the election results.