A new political action committee (PAC) focused on backing “pro-innovation, pro-crypto candidates” in the United States has launched with $100 million.
In a Monday X post, the Fellowship PAC said it had launched “with over $100 million” from unnamed sources as part of efforts to support the Trump administration’s digital asset strategy.
The PAC said it aimed to support specific candidates for federal office and prevent an “exodus of talent and entrepreneurs” from crypto companies in the US by helping provide regulatory clarity.
“This PAC is designed to align the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we continue building the ecosystem,” said Fellowship. “This is not the end — it’s only the beginning. More to come.”
The Super PAC, focused on promoting crypto policies by potentially influencing crucial US elections in the House of Representatives and Senate, is one of many digital asset-backed interest groups.
In 2024, the Fairshake PAC, a committee backed primarily by contributions from Coinbase and Ripple Labs, spent more than $130 million on ads in congressional races — purchases that may have influenced election outcomes.
Related: Crypto firms double down on influencing US elections via PACs in 2026
The Fellowship PAC filed a statement of organization with the US Federal Election Commission (FEC) on Aug. 7 and had reported no contributions or expenditures as of Monday.
Initial reports claimed that Coinbase and Gemini co-founders Cameron and Tyler Winklevoss contributed to the PAC’s $100 million fundraising. Cointelegraph was unable to independently verify those claims.
A Fairshake spokesperson told Cointelegraph that the PAC had seen no evidence that “Coinbase is in it,” and representatives from Coinbase, Gemini, and Fellowship had not responded to requests for comment at the time of publication.
Crypto money shaking up 2026 elections?
In August, the Winklevosses contributed more than $21 million worth of Bitcoin (BTC) to PAC, intending to help US President Donald Trump’s crypto agenda by potentially influencing elections to maintain a Republican majority in Congress.
According to FEC records, the Digital Freedom Fund PAC, established in July, reported no contributions or expenditures as of Monday.
Though the US midterm elections will not be held until November 2026, there have already been a few significant races in 2025 for which money from crypto companies could have been a factor.
Democrat James Walkinshaw won a special election for Virginia’s 11th congressional district on Sept. 9 after the Protect Progress PAC, a Fairshake affiliate, spent more than $1 million supporting him in the primary.
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