New U.S. Cryptocurrency PAC BLF Established to Support Blockchain-Friendly Candidates

On March 31, as the 2026 midterm elections approach, a new cryptocurrency political action committee (PAC) — the Blockchain Leadership Fund (BLF) — was officially launched on March 30, 2026. Initiated by members of The Digital Chamber, the fund aims to support candidates who promote digital asset and blockchain-friendly policies across federal, state, and local elections. As a hybrid PAC, it can make direct contributions to candidates as well as fund independent political advocacy efforts. Early supporters include Anchorage Digital and Chainlink Labs. The cryptocurrency industry is intensifying its efforts to influence the legislative process for digital assets in the U.S., particularly during critical discussions around regulatory frameworks like the Digital Asset Market Clarity Act. Meanwhile, the well-known crypto super PAC Fairshake, supported by Coinbase, Ripple, and Andreessen Horowitz, faced setbacks in the Illinois primary elections in March 2026. Despite the PAC’s strong performance since 2023, having raised $260 million during the 2023-2024 election cycle and supporting 33 winners in 35 primaries, it encountered challenges after spending nearly $20 million in the recent Illinois primary. This included over $10 million opposing Democratic Senate candidate Juliana Stratton and nearly $2.5 million against Congressman La Shawn Ford, both of which ultimately failed.