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Fellowship PAC Launches With $100M to Support Pro-Crypto Candidates in U.S.

Fellowship PAC Launches With $100M to Support Pro-Crypto Candidates in U.S.

According to a press release, the Fellowship PAC pledges $100 million to back pro-crypto and pro-innovation candidates, aiming to reinforce America’s role as a global digital asset leader.

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Fact Check
Multiple sources, including Blockworks, ainvest.com, and a post by journalist Eleanor Terrett on X, directly and consistently report that 'The Fellowship PAC' has launched with a commitment of '$100M' or '$100M+' with the stated goal of supporting pro-crypto candidates in the U.S.
    Reference: 1
Summary

The Fellowship PAC announced it will allocate $100 million to support pro-crypto candidates, emphasizing transparency, trust, and alignment between entrepreneurs, policymakers, and the public. The group highlighted the Trump administration’s regulatory framework as momentum for its mission to secure America’s leadership in digital asset innovation. A Cantor Fitzgerald executive is listed as treasurer, and Tether is reportedly expected to back the PAC, with Bo Hines recently appointed to lead Tether U.S. The organization may serve as an alternative to Fairshake, another major crypto-backed PAC supported by Ripple and Coinbase. The PAC’s influence could play a role in the 2026 U.S. midterm elections.

Terms & Concepts
  • Political Action Committee (PAC): An organization that collects and spends funds to support or oppose political candidates, legislation, or ballot initiatives.
  • Pro-Crypto: A policy stance or advocacy aimed at supporting cryptocurrency adoption, innovation, and favorable regulatory frameworks.