Blockchain fund backs 10 US candidates with $175,000 for 2026 elections

Published: 2026-05-21 22:43:00 |

The US crypto PAC focused on digital-asset policy, the Blockchain fund, released its first 2026 midterm endorsements. It backed 10 candidates—4 for the US Senate and 6 for the US House. Funding is small but notable. Federal filings cited in the report show the Blockchain fund raised $175,000 to date, fully funded by Anchorage Digital ($100,000) and Chainlink Labs ($75,000). Senate recipients include Barry Moore (Alabama), Kurt Alme (Montana), and Jon Husted (Ohio). House support includes Houston Gaines and Jim Kingston (Georgia), Jon Bonck (Texas), plus Angie Craig (Minnesota), Adrian Boafo (Maryland), Christian Menefee (Texas), and Don Davis (North Carolina). The timing matters for market sentiment. The later coverage adds broader, Fairshake-affiliated spending alongside this Blockchain fund slate: - Defend American Jobs PAC: $8.5M for media across three supported candidates, plus $350,000 added for Jon Bonck (Georgia). - Protect Progress: $4.1M for Christian Menefee’s Texas runoff and $2M+ for Adrian Boafo in Maryland. Separately, Texas is seeing more crypto-sector election involvement. Fellowship PAC (budget $11M, backed by Cantor Fitzgerald and Anchorage Digital) plans to spend $500,000 to support Texas AG Ken Paxton. Trump endorsed Paxton on Truth Social; James Talarico won the March primary and awaits the Republican runoff. For crypto traders, this is largely a regulatory-risk sentiment signal, not a direct token-fundamental catalyst. The Blockchain fund’s LINK-linked backing can influence short-term expectations for policy outcomes rather than immediate network economics.

Neutral

This news is election-spending and policy-lobbying oriented. The Blockchain fund’s total raised amount ($175,000) is relatively small, and it does not directly change on-chain fundamentals or liquidity for any specific crypto asset. However, the expanded Fairshake-affiliated media spend (millions of dollars) and the Texas PAC activity can shift trader expectations about near-term regulatory direction, which may create short-lived sentiment moves. That said, because the article does not provide concrete regulatory outcomes or technical/network developments, the price impact on the underlying token is more likely limited and transient—so the net expected effect is neutral.