Crypto PAC Fellowship Halts Support of Texas AG for Senate: Report
Cointelegraph
The crypto-backed Fellowship PAC has reportedly withdrawn its support for Texas Attorney General Ken Paxton in his US Senate race.Summary
The Fellowship political action committee (PAC), which claims over $100 million in crypto-aligned funding, has reportedly abandoned a $1.75 million advertising campaign supporting Texas Attorney General Ken Paxton. The decision followed pressure from Republican leaders who questioned the PAC's ties to Cantor Fitzgerald and Commerce Secretary Howard Lutnick. Although an expenditure report was filed with the FEC, reports indicate the advertising deal was never executed. This move highlights the volatile nature of crypto-linked political influence as Republicans navigate internal dynamics ahead of the Texas Senate runoff.
(Source：Cointelegraph)