Crypto Industry Boosts Midterm Influence through Fellowship PAC

The Fellowship PAC, a Super PAC backed by the cryptocurrency industry, has announced its plans to increase its influence in U.S. politics ahead of the 2026 midterm elections. Jesse Spiro, head of government affairs at Tether, will chair the group's efforts, aiming to support candidates who champion blockchain innovation and regulatory clarity.

The Fellowship PAC claims to have raised over $100 million from unidentified backers in the crypto sector, although the source of this funding remains unclear. This significant amount could potentially enhance the committee's ability to influence candidate endorsements, advertising, and policy outcomes. However, the lack of transparency regarding donors and contributors has raised concerns about accountability and influence.

The Fellowship PAC is part of a growing network of crypto-affiliated political committees seeking to shape the 2026 Congress. Its launch comes at a time when lawmakers are debating digital-asset regulation and stablecoin stability, with far-reaching implications for the sector's political leverage.