New Super PAC Pledges $100M to Boost Pro-Crypto Candidates

The crypto industry is doubling down on its political influence in Washington. A new player, The Fellowship PAC, has committed more than $100 million to support pro-innovation and pro-crypto candidates in the upcoming U.S. midterm elections.

A Fresh Voice in Crypto Politics

Unlike established groups such as Fairshake—the super PAC that spent nearly $200 million in the last election cycle—The Fellowship PAC says it wants to chart a different course. In a statement on X, the committee promised that its mission would be guided by transparency and trust, ensuring that campaign spending benefits the broader ecosystem rather than narrow interests.

“The Fellowship PAC represents the next step in the industry’s evolution—building on the unprecedented momentum that innovators, entrepreneurs, and investors have already created,” the group said.

Still, key details remain unclear. The PAC has yet to disclose its backers or leadership team, leaving some in the crypto community curious about who’s behind the effort.

Crypto’s Political Momentum Is Growing

What is clear, however, is that the digital assets industry is becoming an undeniable force in American politics.

In the 2024 federal elections, crypto lobbying had its most significant impact yet. According to OpenSecrets, Fairshake raised $260 million and spent $195 million to back candidates seen as friendly to the industry. More than $40 million of that went to external spending, contributing to the defeats of high-profile incumbents including Jamaal Bowman, Cori Bush, Katie Porter, and Sherrod Brown.

Major crypto companies and executives also opened their wallets. Coinbase contributed over $33 million, while Ripple Labs added $23 million. Other contributors included Uniswap Labs, Robert Leshner of Superstate Funds, and the Solana Policy Institute.

Meanwhile, several billionaires tied to the industry funneled millions into Donald Trump’s reelection campaign, further cementing crypto as a bipartisan—yet polarizing—topic in U.S. politics.

Looking Ahead to 2026

With the 2026 midterms on the horizon, the battle lines are already being drawn. Fairshake recently confirmed it has $140 million on hand, with $59 million raised in the first half of this year alone. The entry of The Fellowship PAC and its nine-figure war chest signals that crypto’s political influence is only set to expand.

For lawmakers, that means one thing: ignoring digital assets is no longer an option.