[New Crypto Political Action Committee BLF Established, Betting on U.S. Midterm Elections] Deep Tide TechFlow reports that on March 31, according to CryptoSlate, the Blockchain Leadership Fund (BLF) was officially established on March 30. Its goal is to support candidates who advocate for digital asset and blockchain policies. Initial supporters include Anchorage Digital and Chainlink Labs. BLF is backed by members of The Digital Chamber and operates as a hybrid Political Action Committee (PAC), capable of directly donating to candidates as well as conducting independent political advocacy campaigns. The initiative plans to cover federal, state, and local elections. Meanwhile, the existing major crypto industry PAC, Fairshake, faced setbacks during the 2026 Illinois primaries. The committee invested nearly $20 million in this election cycle but achieved limited results—despite spending over $10 million to oppose Illinois Lieutenant Governor Juliana Stratton, she still won the Democratic Senate primary. Additionally, State Representative La Shawn Ford successfully secured victory despite approximately $2.5 million in opposition funding. Fairshake only achieved success in three House elections.