Blockchain Leadership Fund, which aims to develop policy towards digital assets and blockchain technology in the United States, announced the candidates it will support for the midterm elections to be held in 2026. The announcement stated that the fund officially supported four Senate and six House of Representatives candidates.
Direct support to politicians from the crypto industry
According to the list published by the Blockchain Leadership Fund, Barry Moore, Kurt Alme and Jon Husted were among the supported names in the US Senate races in the states of Alabama, Montana and Ohio. For the House of Representatives, it was stated that support would be given to Houston Gaines and Jim Kingston in Georgia, Jon Bonck in Texas, Angie Craig in Minnesota, Adrian Boafo in Maryland, Christian Menefee in Texas and Don Davis in North Carolina.
The candidates put forward by the fund were chosen from both the Republican and Democratic parties. In the statement made by Anchorage Digital’s representative, it was emphasized that “constructive bipartisan engagement is critical for the United States to maintain its leadership in financial technology and the financial systems of the future.” The company also underlined that they will continue to support the promotion of responsible innovation and the inclusion of crypto assets in the regulatory framework.
Anchorage Digital’s representative stated, “We believe that constructive and bilateral engagement is of great importance for the United States to maintain its leadership in international financial technology; they will continue to support responsible innovation and policymaking that increases trust in the ecosystem.”
Mini dictionary: Blockchain Leadership Fund is a political fund committee created to strengthen digital assets and blockchain policies in America. It operates as a hybrid PAC (Political Action Committee) that can both donate directly to candidates and influence elections through independent spending.
Record spending on elections, media campaigns and crypto funds
In the fund’s statement, it was stated that other political figures who support “responsible digital asset policies” until the elections may be added to the list in the coming weeks. According to Federal Election Commission data, the Blockchain Leadership Fund has raised $175,000 to date; Of this amount, $100 thousand came from Anchorage Digital and $75 thousand came from Chainlink Labs. When the organization was announced in March, it was stated that Chainlink Labs and Anchorage Digital were behind it.
The announcement of support coincided with the period when candidates were successful in the primaries in some states. While Jim Kingston and Houston Gaines won the Republican primary in Georgia, Barry Moore fell into the second round in Alabama because he could not get a majority. These candidates and their close rivals received significant financial support in their election campaigns.
A total of $8.5 million in media spending was spent by the Fairshake-affiliated Defend American Jobs PAC just for these three names. Additional media support of $350 thousand was provided for Jon Bonck in Georgia. Additionally, Fairshake’s other PAC, Protect Progress, spent $4.1 million on media for Christian Menefee’s runoff campaign in Texas and over $2 million for Adrian Boafo’s Maryland campaign.
| Supported Candidate | Supporting PAC/Fund | Amount Spent (USD) | Constituency |
|---|---|---|---|
| Jim Kingston | Defend American Jobs PAC | 8.5 million (for a total of three candidates) | Georgia |
| Jon Bonck | Defend American Jobs PAC | 350 thousand | Georgia |
| Christian Menefee | Protect Progress PAC | 4.1 million | Texas |
| Adrian Boafo | Protect Progress PAC | 2 million+ | maryland |
Texas Senate race: Crypto support for Ken Paxton and Trump’s statement
As the race for the primary Party Senate nomination continues in Texas, crypto industry funds have also taken action. Fellowship PAC, which has support from Cantor Fitzgerald and Anchorage Digital and has a budget of $11 million, notified the Federal Election Commission that it will spend $500,000 to support Texas Attorney General Ken Paxton’s Senate candidacy. Last month, it was recorded that the Fellowship fund temporarily withdrew its support from Paxton’s media campaigns, but the support was restarted with the new decision.
US President Donald Trump also recently expressed his support for Ken Paxton on Truth Social and announced that he preferred Paxton over current senator John Cornyn. Democratic Party’s candidate for Texas, James Talarico, won the primary in March; The candidate who wins the second round between Paxton and Cornyn will compete against Talarico.
