Crypto PAC Blockchain Leadership Fund Endorses 10 Candidates For 2026 Elections
Ken Paxton is getting half 1,000,000 {dollars} from a crypto-backed political committee. The Fellowship PAC, an $11 million fund supported by Cantor Fitzgerald and Anchorage Digital, disclosed to the Federal Election Commission that it plans to spend $500,000 backing the Texas legal professional common in his bid for a US Senate seat.
A Bipartisan Push
The spending on Paxton is separate from one other crypto-aligned group making noise this week. The Blockchain Leadership Fund, backed by Chainlink Labs and Anchorage Digital, introduced its endorsement of 10 candidates throughout seven states for the 2026 midterm elections — 4 operating for US Senate and 6 for the House of Representatives.
The record crosses occasion strains. Republicans Barry Moore, Kurt Alme, and Jon Husted are amongst these picked for Senate races in Alabama, Montana, and Ohio. Democrat Angie Craig is backed for the Minnesota Senate race, whereas Adrian Boafo, Christian Menefee, and Don Davis obtained endorsements for House runs in Maryland, Texas, and North Carolina.
Anchorage Digital stated bipartisan engagement is central to its method. “We stay dedicated to supporting accountable innovation and constructive policymaking that brings digital property additional into the regulatory perimeter and strengthens belief within the ecosystem,” a spokesperson stated.
Small Fund, Big Company
Despite backing from two distinguished crypto corporations, the Blockchain Leadership Fund has raised comparatively little up to now. FEC filings present $175,000 in total contributions — $100,000 from Anchorage and $75,000 from Chainlink.
That determine stands in sharp distinction to Fairshake, a separate crypto PAC whose associates have already spent thousands and thousands in a number of the identical races.
The Defend American Jobs PAC, a Fairshake affiliate, dropped a mixed $8.5 million on media for a number of the identical candidates the Blockchain Leadership Fund is now endorsing.
Another affiliate, Protect Progress, spent greater than $4.1 million backing Menefee in Texas and over $2 million supporting Boafo in Maryland.
The Blockchain Leadership Fund stated it might endorse extra candidates earlier than November who help accountable digital asset coverage.
Texas Takes Center Stage
The Texas Senate race is drawing essentially the most consideration — and essentially the most cash. US President Donald Trump introduced his support for Paxton over incumbent Republican John Cornyn, and crypto cash adopted.
The Fellowship PAC’s $500,000 dedication to Paxton got here after a reported earlier withdrawal of help, which had been linked to stress related to Commerce Secretary Howard Lutnick.
Paxton and Cornyn are heading right into a Republican major runoff. On the Democratic aspect, State Representative James Talarico, who gained his major in March, will face whichever Republican emerges from that contest.
Featured picture from Hindustan Times, chart from TradingView
