A brand new political motion committee (PAC) centered on backing “pro-innovation, pro-crypto candidates” in the USA has launched with $100 million.
In a Monday X publish, the Fellowship PAC said it had launched “with over $100 million” from unnamed sources as a part of efforts to help the Trump administration’s digital asset technique.
The PAC mentioned it aimed to help particular candidates for federal workplace and forestall an “exodus of expertise and entrepreneurs” from crypto corporations within the US by serving to present regulatory readability.
“This PAC is designed to align the pursuits of crypto entrepreneurs, policymakers, and the general public, making certain belief and accountability as we proceed constructing the ecosystem,” mentioned Fellowship. “This isn’t the top — it’s solely the start. Extra to come back.”
The Tremendous PAC, centered on selling crypto insurance policies by doubtlessly influencing essential US elections within the Home of Representatives and Senate, is one in all many digital asset-backed curiosity teams.
In 2024, the Fairshake PAC, a committee backed primarily by contributions from Coinbase and Ripple Labs, spent more than $130 million on advertisements in congressional races — purchases which will have influenced election outcomes.
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The Fellowship PAC filed an announcement of group with the US Federal Election Fee (FEC) on Aug. 7 and had reported no contributions or expenditures as of Monday.
Preliminary stories claimed that Coinbase and Gemini co-founders Cameron and Tyler Winklevoss contributed to the PAC’s $100 million fundraising. Cointelegraph was unable to independently confirm these claims.
A supply near Fairshake instructed Cointelegraph that the PAC had seen no proof that “Coinbase is in it,” and representatives from Coinbase, Gemini, and Fellowship had not responded to requests for remark on the time of publication.
Crypto cash shaking up 2026 elections?
In August, the Winklevosses contributed more than $21 million value of Bitcoin (BTC) to PAC, intending to assist US President Donald Trump’s crypto agenda by doubtlessly influencing elections to keep up a Republican majority in Congress.
In line with FEC information, the Digital Freedom Fund PAC, established in July, reported no contributions or expenditures as of Monday.
Although the US midterm elections is not going to be held till November 2026, there have already been a number of important races in 2025 for which cash from crypto corporations may have been an element.
Democrat James Walkinshaw won a special election for Virginia’s eleventh congressional district on Sept. 9 after the Shield Progress PAC, a Fairshake affiliate, spent greater than $1 million supporting him within the main.
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