TL;DR:
- The Blockchain Leadership Fund has finalized its endorsement of ten specific candidates for the 2026 U.S. legislative elections.
- Official Federal Election Commission (FEC) filings show that the committee has an initial funding of $175,000.
- Other technology sector committees, such as Defend American Jobs and Protect Progress, have deployed combined contributions exceeding $14.5 million in recent state campaigns.
The Blockchain Leadership Fund political action committee formalized its strategic re-entry into the U.S. electoral scene this Thursday by announcing its endorsed candidates for the 2026 midterm election cycle.
The organization reported that the fund selected ten political hopefuls. The distribution encompasses four nominations for the Senate and six for the House of Representatives. The original launch of this hybrid political action committee (PAC) occurred in March under the institutional sponsorship of Chainlink Labs and Anchorage Digital.
Distribution of endorsements and reported funds
The official list of selectees includes Republicans Barry Moore, Kurt Alme, and Jon Husted in the Senate races for Alabama, Montana, and Ohio, respectively. In the House of Representatives, the group will support Houston Gaines and Jim Kingston in Georgia, along with Jon Bonck in Texas. On the Democratic side, the fund will back Angie Craig’s run for the Senate in Minnesota, as well as Adrian Boafo, Christian Menefee, and Don Davis for the House of Representatives in Maryland, Texas, and North Carolina.
An Anchorage Digital spokesperson stated that constructive, bipartisan participation stands as a determining factor for the development of domestic financial technology. Likewise, institutional documentation indicates that these types of initiatives seek to progressively bring digital assets within the general regulatory perimeter.
At the close of the latest Federal Election Commission (FEC) report, the Blockchain Leadership Fund reflected a deposited capital of $175,000. The filings detail that an amount of $100,000 came from Anchorage’s corporate funds, while the remaining $75,000 was contributed by Chainlink.
The announcement of these financial backings comes immediately after primary elections were held in key districts. In the state of Georgia, candidates Kingston and Gaines secured victories in their respective internal nominations, while Moore will advance to a runoff in Alabama after failing to achieve the absolute majority of valid required votes.
Spending dynamics in legislative elections
The influence of tech industry capital on local electoral processes shows considerable prior activity. Complementary financial reports indicate that groups like Defend American Jobs allocated nearly $8.5 million in media broadcast expenditures to boost the campaigns of Moore, Kingston, and Gaines, in addition to a $350,000 deployment in favor of Bonck.
On the other hand, the Protect Progress PAC executed disbursements exceeding $4.1 million to support Menefee in his Texas runoff process, besides channeling a figure higher than $2 million focused on the promotion of Boafo within Maryland territory.
Sector financial activity maintains its flow toward other high-relevance races. According to the report submitted by the Fellowship PAC to the FEC, this committee—which holds an $11 million global fund financed by Cantor Fitzgerald and Anchorage Digital—programmed an expenditure of $500,000 to back Texas Attorney General Ken Paxton in his campaign for the Senate. This filing occurs a month after the organization provisionally modified its initial allocations due to internal discussions with party leaderships.
The FEC electoral calendar sets the next verifiable milestone for next week’s Tuesday, the date on which the final runoff vote in Texas between Menefee and incumbent Representative Al Green will take place.
