Chainlink and Anchorage Digital back launch of crypto-aligned PAC The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more Ahead of the November midterm elections, backers are lining up behind a new hybrid political action committee that allows contributions directly to candidates.Update : This article has been updated to include a response from Anchorage Digital in the third paragraph. Seven months ahead of the November midterm elections, Chainlink Labs and Anchorage Digital announced that they were the founding contributors to a political action committee “to support candidates working to advance digital asset and blockchain policy in the United States.”they were supporting the Blockchain Leadership Fund, a hybrid PAC that allows contributions directly to candidates as well as independent expenditures, such as media buys.no funding between the Blockchain Leadership Fund’s creation in September and Dec. 31. An Anchorage spokesperson told Cointelegraph that the company would make a “meaningful contribution” to the PAC to be disclosed to the FEC. The formation of the PAC, in addition to the contributions from the crypto companies and participation of members from advocacy organization The Digital Chamber, comes about seven months before US voters will determine on Nov. 3 which political party will have majority control of the House of Representatives and Senate. Both chambers are necessary to pass laws related to crypto and blockchain in the country — including the payment stablecoin bill GENIUS Act, approved in July, and the CLARITY Act, under consideration in the Senate.It was unclear based on FEC filings where the PAC’s attention would go in a US election year crucial for control of both chambers of Congress. A Chainlink spokesperson said that any candidates willing to support the CLARITY Act, the crypto market structure bill moving through the Senate, deserve “sustained, organized support from the industry.” “2026 will be pivotal for crypto regulation,” said Anchorage in its announcement. “The choices we make now will shape the industry, and American financial leadership, for decades. That outcome will be determined by who invests in the process and who shows up when it matters.”meeting regularly with lawmakers to discuss the market structure bill, which continues to be stalled over concerns on stablecoin yield and other issues. The platform is just one of many crypto-tied companies that would likely benefit from the legislation being signed into law.The last federal election in the United States in 2024 saw a reported 270 pro-crypto candidates winning seats in Congress along with Donald Trump winning the presidency. Crypto-backed PACs, including the Ripple- and Coinbase-funded Fairshake and its related groups, spent hundreds of millions of dollars in races across the country to support candidates they considered “pro-crypto.”they plan to continue the same strategy they employed in the 2024 elections. Fairshake said in January that the PAC had accumulated a war chest of more than $192 million for this year’s races.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy