Fellowship PAC Targets Trump’s Digital Asset Agenda With $100M Fund
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A new political action committee, the Fellowship PAC, has launched with more than $100 million in funding to support “pro-innovation, pro-crypto” candidates in U.S. federal elections. The group aims to back lawmakers aligned with former President Trump’s digital asset strategy, push for regulatory clarity, and prevent talent from leaving the U.S. crypto industry. Fellowship filed with the Federal Election Commission in August but has not yet reported contributions or spending. Initial reports linked funding to the Winklevoss twins, though this has not been confirmed. The move follows the activity of Fairshake PAC, which spent over $130 million during the 2024 election cycle, and its affiliates, which recently spent more than $1 million backing Democrat James Walkinshaw in a Virginia congressional race. Crypto-backed PACs are expected to play a growing role in shaping upcoming elections, even though U.S. midterms won’t take place until November 2026.