Blockchain fund dey back 10 US candidates wit $175,000 for 2026 elections

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

Di US crypto PAC wey dey focus for digital-asset policy, Blockchain Fund, don drop dia first endorsements for 2026 midterms. Dem back 10 candidates — 4 for US Senate and 6 for US House. Money small but e dey notable. Federal filings wey the report mention show say Blockchain Fund don raise $175,000 so far, all from Anchorage Digital ($100,000) and Chainlink Labs ($75,000). Senate beneficiaries include Barry Moore (Alabama), Kurt Alme (Montana), and Jon Husted (Ohio). House support include Houston Gaines and Jim Kingston (Georgia), Jon Bonck (Texas), plus Angie Craig (Minnesota), Adrian Boafo (Maryland), Christian Menefee (Texas), and Don Davis (North Carolina). Timing matter for market sentiment. Later coverage add wider, Fairshake-linked spending alongside this Blockchain Fund slate: - Defend American Jobs PAC: $8.5M for media across three supported candidates, plus $350,000 extra for Jon Bonck (Georgia). - Protect Progress: $4.1M for Christian Menefee’s Texas runoff and over $2M for Adrian Boafo in Maryland. Separate, Texas dey see more crypto-sector election involvement. Fellowship PAC (budget $11M, backed by Cantor Fitzgerald and Anchorage Digital) plan to spend $500,000 to support Texas AG Ken Paxton. Trump endorse Paxton on Truth Social; James Talarico win the March primary and dey wait the Republican runoff. For crypto traders, na mainly regulatory-risk sentiment signal, no be direct token-fundamental catalyst. The Blockchain Fund’s LINK-linked backing fit affect short-term expectations for policy outcomes rather than immediate network economics.

Neutral

Dis news na tok about election spendin and policy lobby. Di Blockchain fund collect small amount ($175,000), e no dey big and e no change any on-chain fundamentals or liquidity for any particular crypto asset directly. But the expanded Fairshake-related media spend (millions of dollars) and PAC activity for Texas fit make traders change wetin dem expect about short-term regulation, we fit cause small short-lived sentiment moves. As the article no show concrete regulatory outcomes or technical/network developments, price impact on the underlying token likely small and temporary—so overall expected effect na neutral.