A new political action committee (PAC) called the Blockchain Leadership Fund (BLF) launched Monday with Anchorage Digital and Chainlink Labs signing on as founding contributors, aiming to push digital asset legislation forward at the federal, state, and local levels.
BLF Hybrid PAC Structure and Industry Backing
The fund is structured as a hybrid PAC, meaning it can make direct contributions to candidates and run independent expenditures — giving it two distinct ways to back policymakers favorable to digital asset policy. The Digital Chamber, a Washington-based blockchain advocacy group, played a role in organizing the effort. BLF's founders framed the timing around active congressional debate over digital asset legislation, including a market structure bill that would clarify how crypto firms operate under U.S. law.
Anchorage Digital, the San Francisco-based firm holding the first federally chartered crypto bank license, is among the first to fund the committee. The company's spokesperson stated: "Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road; the ones that don’t will inherit them."
Chainlink Labs, which builds oracle infrastructure used across decentralized finance and by institutions including Swift, Mastercard, and Fidelity International, cited the market structure bill specifically when explaining its support. A Chainlink spokesperson said: "The legislative path for digital assets is clearer than it’s been in years, yet still fragile. The market structure bill is where the real complexity lives, and the candidates willing to work through that complexity deserve sustained, organized support from the industry."
Chainlink noted that its institutional partners are already building on blockchain infrastructure and a stable policy environment is needed for broader adoption. BLF says it will engage candidates at all levels of government, supporting those focused on “clear, durable, and innovation-forward” digital asset policy while conducting independent advocacy.
Legislative Progress and Industry Context
The fund's launch comes as multiple pieces of digital asset legislation move through Congress. Stablecoin legislation and the market structure bill have each advanced in committee, though neither has reached a floor vote. Anchorage Digital, backed by Andreessen Horowitz, Goldman Sachs, KKR, and Visa, carries a reported valuation of $4.2 billion. Chainlink has processed tens of trillions in transaction value and holds positions in DeFi, tokenized assets, and institutional payments. BLF did not disclose a fundraising target or identify additional contributors beyond the two founding firms. The committee joins a growing number of crypto-aligned political organizations active in federal elections, following increased spending in the 2024 cycle by groups including Fairshake.