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Cantor Fitzgerald and Anchorage Digital Provided Initial Funding for Emerging Crypto Political Action Committee

Cantor Fitzgerald and Anchorage Digital Provided Initial Funding for Emerging Crypto Political Action Committee

FEC filings show Cantor Fitzgerald gave $10 million and Anchorage Digital contributed $1 million to Fellowship PAC, which says it has secured more than $100 million to support pro-crypto U.S. candidates.

Fact Check
The strongest evidence is from CoinDesk's 'Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO,' which explicitly states that FEC filings released Wednesday showed Fellowship PAC gathered $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital. The same article also says 'the opening funding came from Cantor Fitzgerald and Anchorage Digital,' which supports the 'provided initial funding' phrasing. For the final clause, CoinDesk reports that when Fellowship was announced, it said it had $100 million in pledged backing; this supports the idea that the PAC says it has secured more than $100 million, though that appears to refer to pledged or committed support rather than the $11 million already visible in filings. TheBlock URL and search snippets corroborate the $10 million/$1 million figures. Because I did not obtain the primary FEC filing page itself in this run, confidence is medium rather than high.
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Summary

Cantor Fitzgerald donated $10 million to Fellowship PAC and Anchorage Digital contributed $1 million, according to newly cited FEC filings. The crypto-aligned political action committee said in September that it had secured more than $100 million in commitments to back pro-crypto U.S. candidates. The filings also show the PAC spent $3 million on issue ads and $1.5 million supporting three Republican candidates, adding more specific spending details to the group’s previously reported election activity and fundraising scale.

Terms & Concepts
  • Political action committee: A political organization that raises and spends money to influence elections or policy outcomes under campaign finance rules.
  • Tether: A digital asset company known for issuing the USDT stablecoin and participating in the broader crypto trading and payments ecosystem.