Crypto Lobbying Shifts to Midterms as US Congress Stalls on Policy

The stakes are rising as the legislative window narrows. Congress remains at an impasse on the CLARITY Act, a bill to establish a market structure framework for digital assets, even as the Trump administration has prioritized measures to support crypto. Control of the next Congress could determine whether those measures are codified into law or reversed. 

Crypto groups expand election strategy 

Anchorage Digital and Chainlink Labs are backing the newly formed Blockchain Leadership Fund, a political action committee (PAC) focused on shaping digital asset policy across federal, state and local races. 

"Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road," an Anchorage Digital spokesperson said in a 30 Mar statement. Anchorage Digital operates a federally chartered crypto bank, while Chainlink runs an oracle network linking blockchain applications to external data. 

Existing crypto PACs are also gearing up for this year's elections. The Fellowship PAC, launched in September 2025 with $100mn, announced Jesse Spiro, Tether US vice president of regulatory affairs, as its new chairman as it targets House and Senate races in battleground states. Tether is the issuer of the world's largest stablecoin by market capitalization. 

Stand With Crypto, the PAC introduced in 2024 by exchange operator Coinbase, announced a voter hub in March to educate voters on candidates' positions on digital assets. The platform currently features six major races to watch, including contests in North Carolina, New York, Ohio, Nevada, Pennsylvania and Iowa.

Why the midterms matter for crypto policy 

In the US, political groups known as PACs can donate directly to candidates but face strict limits on how much they can raise and spend, while Super PACs operate separately from campaigns, barred from coordinating with them but able to raise and deploy unlimited funds to influence elections. 

The proliferation of PACs suggests the industry is expanding its political strategy ahead of 2026, after spending $119mn in the 2024 cycle. Fairshake, a crypto-backed Super PAC, raised more than $193mn in donations for the midterms.

The midterms are congressional elections held two years into a presidential term. This year, all 435 House seats and roughly one-third of Senate seats will be contested. For crypto, both chambers matter: Senate control determines judicial and regulatory appointments, while House leadership influences which bills advance. 

Crypto voters emerge as a swing bloc 

Cryptocurrency owners show higher voting motivation than the general electorate, with eight in 10 saying they are likely to vote in 2026, according to an Impact Research survey of 500 crypto holders in battleground Senate states. Neither Republicans (45%) nor Democrats (26%) are trusted by most respondents on digital asset issues. 

"With congressional activity on everything from market structure to stablecoin regulations, the past year has shown the crypto community that civic engagement works and is worth participating in," said Mason Lynaugh, executive director of Stand With Crypto.