Fellowship PAC Launches With $100M to Advance Crypto Policy Goals
A new super political action committee, The Fellowship PAC, has emerged with over $100 million pledged to support pro-Trump candidates in upcoming elections. The group, registered with the Federal Election Commission in August, aims to align crypto entrepreneurs, policymakers, and the public in maintaining America's leadership in digital assets.
Despite its ambitious funding claims, the PAC has yet to report any actual contributions or expenditures. This gap raises questions about the immediacy of its financial backing. The launch coincides with a surge in crypto-related political spending, which has exceeded $300 million in the 2024 election cycle.
Transparency remains a stated priority for the committee, though its early-stage filings offer limited visibility into its operations. The crypto industry's growing influence in Washington continues to shape policy debates as digital assets gain mainstream traction.