A brand new political motion committee (PAC) targeted on backing “pro-innovation, pro-crypto candidates” in america has launched with $100 million.
In a Monday X put up, the Fellowship PAC said it had launched “with over $100 million” from unnamed sources as a part of efforts to assist the Trump administration’s digital asset technique.
The PAC stated it aimed to assist particular candidates for federal workplace and stop an “exodus of expertise and entrepreneurs” from crypto firms 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, guaranteeing belief and accountability as we proceed constructing the ecosystem,” stated Fellowship. “This isn’t the top — it’s solely the start. Extra to come back.”
The Tremendous PAC, targeted 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.
Associated: Crypto firms double down on influencing US elections via PACs in 2026
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 reviews 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 informed 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 take care of a Republican majority in Congress.
Based on FEC data, the Digital Freedom Fund PAC, established in July, reported no contributions or expenditures as of Monday.
Although the US midterm elections won’t be held till November 2026, there have already been a number of important races in 2025 for which cash from crypto firms may have been an element.
Democrat James Walkinshaw won a special election for Virginia’s eleventh congressional district on Sept. 9 after the Defend Progress PAC, a Fairshake affiliate, spent greater than $1 million supporting him within the main.
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