A $100 million crypto campaign fund with a pro-Trump vibe has so far failed to show up
The Fellowship PAC, which promised $100 million in crypto-aligned political spending, has reported zero funds raised despite its pro-Trump messaging.Summary
The Fellowship political action committee (PAC) generated significant attention last year by anonymously promising $100 million to support pro-crypto, pro-innovation candidates in the 2026 election cycle, explicitly praising Donald Trump's regulatory framework. Despite its high-profile announcement and connections—its treasurer, Mitchell Nobel, directs digital-assets strategy at Cantor Fitzgerald, a firm that has handled Tether's assets—the PAC has failed to materialize any funds, showing zero on-hand according to its latest FEC filings. Reports suggested Tether might be a backer, but the stablecoin company's spokesperson denied any oversight by the global entity, remaining silent on potential involvement from its U.S. operations. The lack of funding raises questions, especially given that U.S. election law prohibits funding from non-U.S. entities, a concern often raised regarding foreign influence in politics. Meanwhile, the established crypto super PAC, Fairshake, funded by major players like Coinbase and a16z, is actively spending millions to support pro-crypto candidates.
(Source：CoinDesk)