WASHINGTON, D.C. — Chainlink Labs and Anchorage Digital announced on Monday, March 30, 2026, that they have joined as founding contributors to the Blockchain Leadership Fund (BLF), a new bipartisan political action committee organized by members of The Digital Chamber . The launch comes seven months before the November 2026 midterm elections, where control of both the House and Senate is contested.
The Hybrid PAC Structure | Two Tracks of Political Influence
The BLF is structured as a hybrid PAC, giving it a dual-track approach to political spending that is more flexible than a traditional campaign committee:
- Direct contributions — the ability to donate directly to the campaigns of candidates with pro-digital asset positions.
- Independent expenditures — the ability to fund large-scale media buys, digital advertising, and advocacy campaigns that operate independently of any specific candidate's staff, with no contribution ceiling on the independent side.
The hybrid structure is the same model used by major corporate PACs across industries, and it gives the BLF more spending flexibility than a standard leadership PAC. The independent expenditure track, in particular, allows the fund to run issue-based campaigns on specific legislation regardless of election cycles.
Legislative Focus | CLARITY Act and GENIUS Act
Both founding firms specifically cited the need for organized support around two stalled pieces of federal legislation:
- The Digital Asset Market Clarity (CLARITY) Act — a comprehensive market structure bill that would establish jurisdictional boundaries between the SEC and CFTC for digital assets. The bill is currently stalled in the Senate over disputes about whether stablecoins that pay yield should be classified as securities. For background on the stablecoin regulatory environment, see ObjectWire's coverage of Florida's HB 175 stablecoin payment law and the Federal Reserve's CBDC halt and stablecoin pivot .
- The GENIUS Act — a payment stablecoin bill passed last July that still requires broader market structure legislation to be fully effective. The BLF intends to campaign for candidates who will support the implementation framework the GENIUS Act requires.
"Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road, the ones that don't will inherit them."
Chainlink, Anchorage | Infrastructure Meets Regulation
The partnership between the two founding firms reflects a deliberate strategic alignment. Chainlink Labs operates the largest decentralized oracle network in production, providing real-world data feeds to smart contracts across DeFi, insurance, and capital markets. Anchorage Digital is the only federally chartered digital asset bank in the United States , with OCC approval and a client base concentrated in institutional custodians and asset managers.
Together, the two firms represent the infrastructure layer that regulated financial products built on public blockchains depend on. Their shared legislative priority — a clear, stable regulatory framework — is not ideological but operational: both companies require legal certainty about what their products are and who regulates them in order to serve institutional customers.
Context | The Fairshake Baseline
The BLF enters a political landscape already shaped by the established Fairshake PAC, backed primarily by Coinbase and Ripple, which has amassed over $116 million for the 2026 cycle and is already running candidate support operations in competitive House and Senate races. The Blockchain Leadership Fund appears to be positioned differently, focusing on technical legislative work, specifically the "plumbing" of market structure bills, rather than broad-based candidate support operations. The two PACs are complementary rather than competing: Fairshake provides air cover, the BLF targets the policy detail.
For broader context on digital asset policy developments in 2026, see ObjectWire Crypto.
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