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A new American cryptocurrency political action committee, BLF, has been established to support candidates who advocate for blockchain-friendly policies

As the 2026 midterm elections in the United States approach, a new cryptocurrency political action committee (PAC) — Blockchain Leadership Fund (BLF) was officially launched on March 30, 2026. The fund was initiated by members of The Digital Chamber to support candidates promoting digital asset and blockchain-friendly policies across federal, state, and local elections.As a hybrid PAC, it can both make direct contributions to candidates and fund independent political advocacy efforts. Early supporters include Anchorage Digital and Chainlink Labs. The cryptocurrency industry is intensifying its efforts to influence the legislative process for digital assets in the U.S., especially during this critical period of discussions around regulatory frameworks like the Digital Asset Market Clear Act.Meanwhile, the well-known crypto super PAC Fairshake (supported by Coinbase, Ripple, and Andreessen Horowitz) faced setbacks in the Illinois primary in March 2026. Despite the PAC's strong performance since 2023, having raised $260 million during the 2023-2024 election cycle, supporting 33 winners in 35 primaries, and continuously accumulating $193 million by the end of 2025.However, its recent investment of nearly $20 million in the Illinois primary yielded poor results, with over $10 million spent opposing Democratic Senate candidate Juliana Stratton and nearly $2.5 million opposing Congressman La Shawn Ford, ultimately resulting in failure for both.

Analyst: If geopolitical conflicts escalate further, Bitcoin may test the support level of 60,000 USD

According to market news, due to the ongoing US-Iran conflict, the price of Bitcoin has fallen from about $71,000 last week to around $67,000, dipping to $65,000 on Saturday. BTC Markets crypto analyst Rachael Lucas stated that Bitcoin briefly reached $72,000 earlier this week due to hopes for a breakthrough in Middle Eastern diplomacy, but as those hopes faded and concerns over oil supply resurfaced, the price retraced its gains.She pointed out that the situation in the Strait of Hormuz has heightened inflation concerns, making it difficult for the Federal Reserve to cut interest rates, which puts pressure on crypto prices. BTSE Chief Operating Officer Jeff Mei indicated that oil and gas prices will remain high in the short term and drag down economic growth, suggesting that there is still room for crypto prices to decline, with Bitcoin potentially falling to a support level of $60,000.Bitrue Research Director Andri Fauzan Adziima believes that the market will continue to be volatile and driven by news; if the US-Iran conflict escalates, Bitcoin may test $60,000; if the situation eases and oil prices drop, it could rebound above $70,000.BTC Markets analyst Lucas also noted that current retail investor sentiment is fearful, with many adopting a wait-and-see or hedging stance, while institutional investors are showing the opposite trend. This month, over $1.13 billion flowed into US spot Bitcoin ETFs, ending four consecutive months of net outflows; Strategy continues to increase holdings, and Morgan Stanley is set to launch a low-fee Bitcoin ETF.She stated that when there is a clear divergence between retail panic and institutional accumulation, historical experience shows that institutional judgment is often more accurate.
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