The New York Times reported that the newly formed Fellowship PAC intends to commit more than $100 million to support candidates advocating pro-crypto policy, according to public filings. Those filings also identify a Cantor Fitzgerald executive as the PAC’s treasurer and note the group’s orientation appears more aligned with Republican interests than existing industry vehicles like Fairshake, per reporting and disclosures.
Two sources cited by reporters say supporters may include leading stablecoin issuer Tether, with filings indicating a U.S. entity that can participate in domestic political funding. Tether has previously faced regulatory scrutiny and allegations in separate reporting, and recent ties to former advisors and Cantor Fitzgerald personnel have been noted by journalists. The developments highlight increasing institutional lobbying around crypto regulation and compliance considerations in Washington.