BLF PAC Launches With Crypto Industry Backing

The fund, known as BLF, is structured as a hybrid PAC. That means it can make direct contributions to candidates and run independent expenditures — giving it two distinct ways to back policymakers it views as 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 a period of 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 that holds the first federally chartered crypto bank license in the U.S., is among the first to fund the committee. The company said it sees political engagement as an extension of how it operates.

“ 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,” an Anchorage Digital spokesperson said.

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.

“The legislative path for digital assets is clearer than it’s been in years, yet still fragile,” a Chainlink spokesperson said. “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 said its institutional partners are already building on blockchain infrastructure and that a stable policy environment is needed for broader adoption to follow. BLF says it will engage candidates at all levels of government. The committee described its mission as supporting candidates focused on “clear, durable, and innovation-forward” digital asset policy while also conducting independent advocacy.

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 is backed by Andreessen Horowitz, Goldman Sachs, KKR, and Visa, and 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 infrastructure.

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 that have become active in federal elections over the past two cycles, following increased spending in the 2024 cycle by groups including Fairshake.

FAQ 🔎

• What is the Blockchain Leadership Fund? The Blockchain Leadership Fund is a newly formed hybrid political action committee focused on supporting U.S. candidates who back digital asset and blockchain legislation.
• Who are the founding contributors to BLF? Anchorage Digital and Chainlink Labs are the two founding contributors to the Blockchain Leadership Fund.
• What legislation is BLF focused on? BLF is focused on advancing the U.S. digital asset market structure bill and broader blockchain policy at federal, state, and local levels.
• Is the Blockchain Leadership Fund affiliated with The Digital Chamber? Yes, members of The Digital Chamber were involved in launching the Blockchain Leadership Fund alongside crypto industry firms.

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