A newly established political action committee (PAC) dedicated to supporting “pro-innovation, pro-crypto candidates” in the United States has debuted with a funding of $100 million.
In a post on X on Monday, the Fellowship PAC announced its inception “with over $100 million” sourced from undisclosed contributors as part of efforts to promote the Trump administration’s digital asset strategy.
The PAC aims to endorse specific candidates for federal positions and prevent the “exodus of talent and entrepreneurs” from crypto firms in the US by facilitating regulatory clarity.
“This PAC is crafted to unify the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we progress in building the ecosystem,” stated Fellowship. “This is just the beginning — more developments to come.”
The Super PAC, aimed at advancing crypto policies by potentially impacting pivotal US elections in the House of Representatives and Senate, is among numerous interest groups backed by digital assets.
In 2024, the Fairshake PAC, primarily funded by donations from Coinbase and Ripple Labs, allocated over $130 million on advertisements for congressional races — expenditures that might have swayed election results.
Related: Crypto firms intensify efforts to influence US elections through PACs in 2026
The Fellowship PAC submitted a statement of organization to the US Federal Election Commission (FEC) on Aug. 7, reporting no contributions or expenditures as of Monday.
Initial reports suggested that Coinbase and Gemini co-founders Cameron and Tyler Winklevoss contributed to the PAC’s $100 million fundraising. Cointelegraph could not independently verify these claims.
A source related to Fairshake informed Cointelegraph that there was no evidence indicating “Coinbase is involved,” while representatives from Coinbase, Gemini, and Fellowship did not respond to requests for comments ahead of publication.
Crypto funds influencing 2026 elections?
In August, the Winklevosses donated over $21 million worth of Bitcoin (BTC) to the PAC to assist US President Donald Trump’s crypto agenda, aiming to influence elections to preserve a Republican majority in Congress.
According to FEC records, the Digital Freedom Fund PAC, formed in July, had not reported any contributions or expenditures by Monday.
While the US midterm elections are scheduled for November 2026, significant races in 2025 could have seen crypto companies’ funding as a contributing factor.
Democrat James Walkinshaw secured a special election victory for Virginia’s 11th congressional district on Sept. 9, following more than $1 million spent by the Protect Progress PAC, an affiliate of Fairshake, to support him during the primary.
Magazine: Can privacy withstand in US crypto policy post-Roman Storm’s conviction?
