In September 2025, a new cryptocurrency super PAC launched, claiming to have $100 million committed.

Press release from Fellowship PAC: THE FELLOWSHIP PAC The Fellowship PAC Launches With Over $100 Million Committed to Protect America's Leadership in Innovation and Transparency Washington, DC September 15th., 2025: The Fellowship PAC, a new independent-expenditure, today announced over $100 million commitment to back pro-innovation, pro-crypto candidates who will safeguard America's role as the global leader in digital assets and entrepreneurship. The Fellowship PAC represents the next step in the industry's evolution-building on the unprecedented momentum that innovators, entrepreneurs, and investors have already created. Unlike past political efforts, the Fellowship PAC's mission is defined by transparency and trust, ensuring political action directly supports the broader ecosystem rather than narrow or individual interests. Under President Trump's administration, a regulatory framework is being established that puts America on the path to become the global crypto capital. The Fellowship PAC will exist to carry that momentum forward, reinforcing America's competitive edge in digital asset innovation and guaranteeing that founders and domestic crypto companies have the freedom, clarity, and regulatory support to build the future here at home. The PAC will focus on: Supporting candidates committed to transparent and predictable rules for digital assets. Protecting America's global competitive advantage in technology and entrepreneurship. Ensuring that the innovation economy reflects American values of openness, fairness, and opportunity. Preventing the continued exodus of talent and entrepreneurs offshore by keeping the U.S. the best place to innovate, and providing firm regulatory clarity. Transparency and trust is our differentiator. This PAC is designed to align the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we continue building the ecosystem. This is not the end-it's only the beginning. More to come. About the Fellowship PAC: The Fellowship PAC is registered as an independent-expenditure-only committee (super PAC). It does not coordinate with candidates or parties. Its mission is to ensure the United States remains the global leader in crypto and innovation through transparent, ecosystem-wide support.

If true, it would mean the crypto super PACs would have nearly half again as much cash to deploy in the midterms. But their EOY filing showed $0, and I was beginning to wonder if it was a bust.

A week ago, Fellowship PAC announced that Jesse Spiro, head of government affairs at stablecoin company Tether, would be chairing the PAC. Now they've endorsed a slate of Republican candidates, and made their first expenditure ($300,000 in the last moments of Clayton Fuller's successful bid for the special election in GA-14).

It seems like this PAC will indeed be entering the playing field, and potentially dramatically increasing the amount of money in play on behalf of the crypto industry if their earlier claims around funds committed are to be believed. There are a few more days until their quarterly filing is due, at which point we should get more insight into how much money this PAC has on hand and where it's coming from.

Their endorsements so far:

  •  Alan Wilson, South Carolina governor
  • Mike Collins, Georgia Senate
  • Julia Letlow, Louisiana Senate
  • Pete Ricketts, Nebraska Senate (incumbent)
  • Nate Morris, Kentucky Senate
  • Blake Miguez, Louisiana House District 5
« Back to the activity feed
« Back to the microblog feed
Have you responded to this post on your own site? Send a webmention! Note: Webmentions are moderated for anti-spam purposes, so they will not appear immediately.