A brand new political motion committee (PAC) centered on backing “pro-innovation, pro-crypto candidates” within the United States has launched with $100 million.
In a Monday X publish, the Fellowship PAC mentioned it had launched “with over $100 million” from unnamed sources as a part of efforts to help the Trump administration’s digital asset technique.
The PAC mentioned it aimed to help particular candidates for federal workplace and forestall an “exodus of expertise and entrepreneurs” from crypto corporations 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,” mentioned Fellowship. “This will not be the tip — it’s solely the start. More to come back.”
The Super PAC, centered on selling crypto insurance policies by probably influencing essential US elections within the House of Representatives and Senate, is one among many digital asset-backed curiosity teams.
In 2024, the Fairshake PAC, a committee backed primarily by contributions from Coinbase and Ripple Labs, spent greater than $130 million on advertisements in congressional races — purchases which will have influenced election outcomes.
Related: Crypto companies double down on influencing US elections by way of PACs in 2026
The Fellowship PAC filed an announcement of group with the US Federal Election Commission (FEC) on Aug. 7 and had reported no contributions or expenditures as of Monday.
Initial studies 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 Fairshake spokesperson 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 greater than $21 million value of Bitcoin (BTC) to PAC, intending to assist US President Donald Trump’s crypto agenda by probably influencing elections to keep up a Republican majority in Congress.
According to FEC data, the Digital Freedom Fund PAC, established in July, reported no contributions or expenditures as of Monday.
Though the US midterm elections is not going to be held till November 2026, there have already been a couple of vital races in 2025 for which cash from crypto corporations might have been an element.
Democrat James Walkinshaw received a particular election for Virginia’s eleventh congressional district on Sept. 9 after the Protect Progress PAC, a Fairshake affiliate, spent greater than $1 million supporting him within the main.
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