Crypto Industry Seeks Influence in US Midterm Elections with New PAC

As the US gears up for its midterm elections, Chainlink Labs and Anchorage Digital have taken a significant step in shaping crypto policy. The two companies announced the launch of the Blockchain Leadership Fund, a hybrid political action committee (PAC) that aims to support candidates working to advance digital asset and blockchain policy in the United States.

The fund will allow contributions directly to candidates as well as independent expenditures, such as media buys. While neither company has publicly disclosed their contribution amount, an Anchorage spokesperson confirmed they would make a 'meaningful contribution' to be reported to the Federal Election Commission (FEC).