In brief
- The PAC says it has lined up more than $100 million to support pro-Trump candidates in upcoming races.
- FEC records show that the group was registered in August, but filings have listed no receipts or expenditures to date.
- Its launch comes as crypto political spending grows.
Crypto is once again taking the stage in Washington with the launch of The Fellowship PAC, a new super political action committee that says it has lined up more than $100 million to back pro-Trump candidates.
A document from the Federal Election Commission confirms that the committee filed its statement of organization on August 7, but it wasn’t until Monday that the committee publicly announced its formation. The New York Times first reported the news.
“Transparency and trust is our differentiator,” the committee said in a statement, adding that the PAC aligns with the interests of crypto entrepreneurs, policymakers, and the public, alongside the broader goal of keeping America’s lead in “digital assets and entrepreneurship.”
It’s worth noting, however, that the Fellowship PAC has only filed its registration paperwork so far. The gap between pledged money and official reports leaves questions about how much cash the PAC has actually banked.
Per the filing, no contributions or expenditures have been reported, with the PAC being designated as an “independent expenditure-only political committee.”
Representatives for the committee did not immediately return Decrypt’s request for comments on this point.
The Fellowship PAC outlines a mission to safeguard America’s role as the global leader in digital assets and entrepreneurship.
Its stated focus includes supporting candidates who back predictable rules for crypto, protecting the nation’s competitive edge in technology, and preventing the flight of talent overseas.
The Fellowship PAC’s emergence comes as lawmakers weigh multiple crypto-related bills on Capitol Hill, including those on market structure, while regulators continue to press for stricter oversight of digital assets.
The timing suggests the industry is preparing to defend its position heading into the 2026 midterms, when control of both chambers will be contested.
Political action committees aligned with the crypto industry have been steadily expanding their footprint in U.S. elections, pouring at least $119 million in the 2024 cycle prior to the November elections, according to a study from Public Citizen.
As the polls closed, the total surpassed $300 million, according to a D.C. insider who told Decrypt at the time that many other industries are likely to take note of what the crypto industry has achieved.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
