Ahead of the November midterm elections, backers are lining up behind a new hybrid political action committee that allows contributions directly to candidates.
Seven months ahead of the November midterm elections, Chainlink Labs and Anchorage Digital announced that they were the founding contributors to a political action committee (PAC) “to support candidates working to advance digital asset and blockchain policy in the United States.”
In a Monday announcement, the two crypto companies said they were supporting the Blockchain Leadership Fund, a hybrid PAC that allows contributions directly to candidates as well as independent expenditures, such as media buys.
Neither company publicly disclosed how much they may have contributed to the PAC, and Federal Election Commission (FEC) records showed no funding between the Blockchain Leadership Fund’s creation in September and Dec. 31 — though Anchorage, with a $4.2 billion valuation, said today it would be using “corporate resources.”
