Fellowship PAC Launches with $100 Million to Back Pro-Crypto Candidates
- Antwan Koss
- September 18, 2025
- Finance
- 0 Comments
Well, here we go again. Another political action committee has just jumped into the fray, and this one isn’t shy about its ambitions. The Fellowship PAC launched this week with a pretty stunning promise: a $100 million fund aimed squarely at backing political candidates who are friendly to cryptocurrency.
It’s a massive amount of money, and it’s got people talking. The group says it wants to support what it calls “pro-innovation, pro-crypto” folks running for federal office. Their announcement, made on social media, seemed to nod toward the Trump administration’s general stance on digital assets. The idea, apparently, is to push for clearer regulations. They argue that without that clarity, the U.S. risks losing its edge—and its entrepreneurs—to other countries.
Where’s the Money Coming From?
This is where it gets a little fuzzy. The PAC is officially registered, but as of this week, the public filings don’t show any actual money moving yet. No contributions, no spending. That’s a bit odd, given the big $100 million headline.
But then there are the reports. Rumor has it that Cameron and Tyler Winklevoss, the Gemini exchange founders, have already contributed over $21 million in Bitcoin. That was back in August. If that’s true, the paperwork just hasn’t caught up yet. It’s not unusual, I suppose. These things can take time to show up in the official record.
Not the First Crypto PAC on the Block
This isn’t exactly new ground. You might remember the Fairshake PAC from last cycle. It was backed by big names like Coinbase and Ripple and ended up spending more than $130 million. A lot of people in the industry felt that spending actually made a difference in some key races.
And it’s not just federal stuff. Another group, Protect Progress, was active in a Virginia primary not long ago, putting over a million dollars behind a Democratic candidate who ultimately won. So this kind of targeted crypto spending is already proving it can have an impact.
Naturally, when a new group pops up with this much money, everyone starts guessing who’s really behind it. Some wondered if Coinbase was involved again, but sources close to Fairshake have apparently shot that down. For now, the Winklevoss connection is the only one being talked about with any certainty.
Gearing Up for the Long Game
The next major election is still two years out, in November of 2026. The fact that this kind of fundraising is happening now tells you something. The crypto industry isn’t waiting around. They’re building a war chest early because they want to shape who gets to Congress, and by extension, who writes the rules on digital assets.
The Fellowship PAC is making a big deal about transparency and trust in its messaging. They say they want to support the “broader ecosystem,” not just individual interests. It’s a nice sentiment, but we’ll have to see how that plays out when the ads start running.
All this comes at a time when the Trump administration is already making policy moves on stablecoins. It feels like the pieces are being moved into place for a much bigger fight over the future of crypto in America. And it looks like it’s going to be an expensive one.
