The new American Cryptocurrency Political Action Committee BLF has been established to support blockchain-friendly policy candidates

BlockBeats News, March 31st - As the U.S. 2026 midterm elections approach, a new cryptocurrency Political Action Committee (PAC) - the Blockchain Leadership Fund (BLF) - was officially launched on March 30, 2026. The fund, initiated by members of The Digital Chamber, aims to support candidates advocating for digital asset and blockchain-friendly policies at the federal, state, and local levels of government. As a hybrid PAC, it is able to both contribute directly to candidates and fund independent political advocacy activities. Early supporters include Anchorage Digital and Chainlink Labs. The cryptocurrency industry is intensifying its efforts to influence U.S. digital asset legislative processes, particularly during key discussions on regulatory frameworks such as the Digital Asset Market Clarity Act.

Meanwhile, the prominent crypto super PAC Fairshake (backed by Coinbase, Ripple, and Andreessen Horowitz) faced setbacks in the Illinois primary elections in March 2026. Despite its strong performance since 2023, having raised $260 million during the 2023-2024 election cycle, supported 33 winners in 35 primaries, and accumulated $193 million in funding by the end of 2025, the recent investment of nearly $20 million in the Illinois primaries did not yield the desired results. The PAC spent over $10 million in opposition to Democratic Senate candidate Juliana Stratton and nearly $2.5 million against Representative La Shawn Ford, both of whom ultimately lost.