Anchorage Digital and Chainlink Labs have jointly backed the launch of a new political action committee (PAC), the Blockchain Leadership Fund (BLF), aimed at influencing digital asset policy across federal, state, and local levels in the United States. The initiative, also supported by The Digital Chamber, represents a significant escalation in the crypto industry's coordinated push into the political arena as critical legislation is debated.
The PAC operates as a "hybrid" structure, allowing it to make direct contributions to political candidates as well as fund independent expenditures. This design is intended to give the founding firms, Anchorage Digital and Chainlink Labs, broader influence across multiple election strategies during what they describe as a "pivotal moment" for industry regulation.
The launch coincides with active congressional debate on two key pieces of legislation: a market structure bill, often referred to as the CLARITY Act, and stablecoin regulation. The CLARITY Act, which aims to define how crypto firms operate under U.S. law, is reportedly being held up by legacy banks. These banks oppose provisions that would allow stablecoin holders to earn a yield, arguing it would force them to pay higher interest rates to their own depositors.
An Anchorage Digital 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." A Chainlink spokesperson added that the BLF is needed to "ensure the policy environment can scale [blockchain] adoption with the clarity and momentum the industry requires."
Anchorage Digital, which holds a federal charter as a crypto bank, sees its involvement as a natural extension of its commitment to "responsible innovation." Chainlink Labs, a provider of oracle infrastructure critical to DeFi and institutional platforms, is focused on achieving regulatory certainty to support the scaling of its technology. Expectations are for an updated version of the market structure bill to surface imminently, with a potential committee vote by May.
