A new political action committee (PAC) focused on supporting "pro-innovation, pro-crypto candidates" in the United States has raised $100 million to launch.
Fellowship PAC stated in a post on X on Monday that it has "raised over $100 million" from unnamed sources as part of efforts to support the Trump administration's digital asset strategy.
The PAC indicated that its goal is to support candidates for specific federal positions and to prevent a "brain drain" of talent and entrepreneurs from U.S. crypto companies by helping to provide regulatory clarity.
Fellowship stated, "This PAC aims to coordinate the interests of crypto entrepreneurs, policymakers, and the public to ensure trust and accountability as we continue to build the ecosystem. This is not the end—this is just the beginning. More to come."
This super PAC focuses on promoting crypto policies through potential impacts on key U.S. elections that could influence the House and Senate, and is one of many interest groups supporting digital assets.
In 2024, Fairshake PAC, primarily funded by Coinbase and Ripple Labs, spent over $130 million on congressional campaign ads—these expenditures may have influenced election outcomes.
Fellowship PAC submitted its organizational statement to the Federal Election Commission (FEC) on August 7, and as of Monday, had not reported any contributions or expenditures.
Preliminary reports claim 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 close to Fairshake told Cointelegraph that there is no evidence of "Coinbase's involvement," and representatives from Coinbase, Gemini, and Fellowship had not responded to requests for comment at the time of publication.
In August, the Winklevoss brothers donated over $21 million worth of Bitcoin (BTC) to the PAC, aiming to help maintain the Republican majority in Congress by potentially influencing elections, thereby supporting U.S. President Donald Trump's crypto agenda.
According to FEC records, the Digital Freedom Fund PAC, established in July, had not reported any contributions or expenditures as of Monday.
Although the U.S. midterm elections are not until November 2026, several important campaigns are already underway in 2025, and funding from crypto companies could be a factor.
Democrat James Walkinshaw won the special election for Virginia's 11th congressional district on September 9, after Fairshake's affiliate Protect Progress PAC spent over $1 million to support him in the primary.
Related: Trump pushes for the removal of Fed Governor Cook ahead of anticipated rate cuts
Original article: “Super Political Action Committee (PAC) Supporting 'Pro-Crypto Candidates' Raises $100 Million”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
