Chainlink and Anchorage launch pro-crypto PAC in the U.S., seeking greater clout ahead of the midterms

With about seven months to go until the U.S. midterm elections, major digital-asset (cryptocurrency) companies are moving to expand their policy influence through political fundraising groups.

According to Cointelegraph on the 30th (local time), Chainlink Labs and Anchorage Digital joined as founding participants of the political action committee (PAC) “Blockchain Leadership Fund,” which aims to back candidates who support digital-asset and blockchain policies.

The group will operate as a “hybrid PAC” structure that allows both direct contributions to candidates and independent election expenditures (such as advertising). However, the two companies did not disclose the size of their contributions, and no official inflow of funds has yet been confirmed in U.S. Federal Election Commission (FEC) records.

The PAC’s launch comes ahead of the midterm elections scheduled for Nov. 3. The outcome will determine which party controls the majorities in the U.S. House and Senate, and is expected to directly affect the direction of crypto-related legislation.

The industry is watching closely the trajectory of key bills, including the stablecoin bill “GENIUS Act” and the market-structure bill “CLARITY Act.” Chainlink said the industry needs organized support for candidates who back the CLARITY Act.

Anchorage stressed that “2026 will be a watershed year for crypto regulation,” adding that “choices made now will shape the industry and the direction of U.S. financial leadership.”

Previously, in the 2024 U.S. presidential and general elections, about 270 pro-crypto candidates won seats in Congress, and the PAC “Fairshake,” backed by Ripple and Coinbase, exerted influence on races by deploying hundreds of millions of dollars.

The industry expects similar strategies to continue in the 2026 elections. Fairshake has secured about $192 million in funding for this year’s elections.