Blockchain Leadership Fund Aims to Shape US Digital Asset Policy

The introduction of a new political action committee (PAC) aims to promote digital asset legislation in the US. The Blockchain Leadership Fund (BLF), formed by Anchorage Digital and Chainlink Labs, is structured as a hybrid PAC, allowing it to support candidates directly or through independent expenditures.

With its focus on 'clear, durable, and innovation-forward' policy, BLF will engage with policymakers at federal, state, and local levels. The fund's launch coincides with ongoing congressional debate over digital asset legislation, including a market structure bill that would clarify crypto firms' operations under US law.

Anchorage Digital, backed by notable investors such as Andreessen Horowitz and Goldman Sachs, views political engagement as an extension of its operations. Chainlink Labs cited the need for a stable policy environment to enable broader adoption of blockchain technology, particularly given its institutional partners' growing use of blockchain infrastructure.