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A new political action committee (PAC) concentrating on endorsing “pro-innovation, pro-crypto candidates” within the United States has been initiated with $100 million.
In a post on X this Monday, the Fellowship PAC announced it was established “with over $100 million” from undisclosed sources to support the digital asset strategy of the Trump administration.
The PAC indicated its intention to back particular candidates for federal positions and avert an “exodus of talent and entrepreneurs” from cryptocurrency firms in the US by aiding in providing regulatory clarity.
“This PAC is crafted to align the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we persist in developing the ecosystem,” stated Fellowship. “This is not the conclusion — it’s merely the outset. More is on the way.”
The Super PAC, aimed at advocating crypto policies and possibly swaying vital US elections in the House of Representatives and Senate, is among numerous interest groups backed by digital assets.
In 2024, the Fairshake PAC, a committee primarily funded by donations from Coinbase and Ripple Labs, allocated over $130 million on advertisements in congressional contests — expenditures that could have influenced electoral outcomes.
Related: Crypto firms intensify efforts to influence US elections via PACs in 2026
The Fellowship PAC submitted a statement of organization to the US Federal Election Commission (FEC) on Aug. 7 and had reported no contributions or expenditures as of Monday.
Preliminary reports suggested that Coinbase and Gemini co-founders Cameron and Tyler Winklevoss contributed to the PAC’s $100 million fundraising. Cointelegraph was unable to independently verify these assertions.
A contact associated with Fairshake informed Cointelegraph that the PAC had found no proof that “Coinbase is involved,” and representatives from Coinbase, Gemini, and Fellowship had not replied to requests for comments at the time of publication.
Is crypto funding impacting the 2026 elections?
In August, the Winklevosses donated over $21 million worth of Bitcoin (BTC) to the PAC, intending to support US President Donald Trump’s crypto agenda by potentially influencing elections to preserve a Republican majority in Congress.
According to FEC documentation, the Digital Freedom Fund PAC, established in July, reported no contributions or expenditures as of Monday.
Although the US midterm elections are scheduled for November 2026, there have already been several significant races in 2025 for which funding from cryptocurrency firms could have played a role.
Democrat James Walkinshaw secured a special election for Virginia’s 11th congressional district on Sept. 9 after the Protect Progress PAC, affiliated with Fairshake, invested over $1 million supporting him in the primary.
Magazine: Can privacy endure in US crypto policy post Roman Storm’s conviction?
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