- A new political action committee (PAC) has emerged to support pro-Trump candidates with a stated budget over $100 million.
- The group, called The Fellowship PAC, officially registered in August but has not reported any contribution or spending activity yet.
- The PAC claims to focus on supporting crypto-friendly legislation and aims to maintain U.S. leadership in digital assets and entrepreneurship.
- Its formation follows rising political spending from the crypto sector, which invested over $300 million in the 2024 election cycle.
- The PAC’s financial transparency and true funding remain unconfirmed, as filings show no actual receipts or expenditures so far.
The Fellowship PAC, a newly registered super PAC, says it has arranged more than $100 million to back pro-Trump candidates in upcoming U.S. elections. The group filed its statement of organization with the Federal Election Commission (FEC) on August 7, according to public FEC records.
The PAC publicly announced its creation on Monday, while its FEC filings still show zero income and no reported spending. The Fellowship PAC says it aims to support candidates who favor predictable crypto regulations and policies that protect America’s position in technologies like digital assets.
In a statement, the committee described itself as focused on “transparency and trust” and positioned its mission as aligning the interests of crypto entrepreneurs, lawmakers, and the public. The PAC says it will work toward safeguarding “America’s lead in digital assets and entrepreneurship.” However, the current filings reveal the PAC is officially registered as an “independent expenditure-only political committee,” which means it can raise and spend unlimited amounts but cannot coordinate directly with candidates.
According to FEC records, the PAC has reported neither contributions nor expenditures so far, leading to uncertainty about how much money has actually been collected. Decrypt reported that committee representatives did not respond to questions about the gap between the claimed funds and the official records.
The launch of The Fellowship PAC arrives as Congress weighs several bills on cryptocurrency market structure and financial oversight, and as digital asset regulation becomes a key topic on Capitol Hill. The new PAC’s stated goals include pushing for clear crypto rules, preventing the U.S. from losing tech talent, and keeping the nation competitive.
Crypto-related PACs have increased their presence in recent election cycles. The sector invested at least $119 million in the 2024 elections, as tracked in a study by Public Citizen. Overall spending surpassed $300 million during that cycle, according to estimates shared with Decrypt.
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