A brand-new political action committee (PAC) is throwing its weight behind crypto, promising to spend a whopping $100 million to support politicians who are friendly to the crypto industry. This group, called the Fellowship PAC, wants to make sure the US stays a leader in the world of digital assets.
The Fellowship PAC: Transparency and Big Goals
The Fellowship PAC says it’s different from other crypto-focused PACs because of its focus on transparency and trust. Their main goal is to create a political environment that supports the entire crypto ecosystem, not just specific companies or interests. They want to build on the groundwork laid during the Trump administration, hoping to turn the US into the global hub for crypto. The success of the GENIUS Act (for stablecoins) is seen as a big win for the crypto industry and a stepping stone towards this goal.
Their Plan for the Future
The PAC has three main priorities:
- Smart Regulations: They want clear and predictable rules for digital assets.
- Protecting US Innovation: They’ll support policies that keep the US at the forefront of tech and entrepreneurship.
- Keeping Talent Home: They aim to prevent talented crypto people from moving their businesses overseas by ensuring the US remains the best place to build crypto companies.
The Fellowship PAC emphasizes its commitment to transparency, aiming to bridge the gap between crypto entrepreneurs, policymakers, and the public. They’ve stated this is just the beginning of their efforts.
The Crypto PAC Race Heats Up
The Fellowship PAC isn’t the only player in this game. Other crypto-focused PACs, like Fairshake, are already heavily involved, having spent around $136 million in the 2024 election cycle. With over $100 million in the bank, the Fellowship PAC is ready to make a big splash in the 2026 midterms, joining the efforts of other well-funded groups. Major crypto companies like Coinbase, Andreessen Horowitz, and Ripple are reportedly backing these efforts.