$100M Crypto PAC Fails to Deliver on Election Promise

The Fellowship, a $100 million crypto-focused political action committee (PAC), has yet to materialize its promise to shape policy in the upcoming US mid-term elections.

Registered in August 2025, the group claimed it would commit $100 million to support 'candidates committed to transparent and predictable rules for digital assets.'

However, Federal Election Commission data shows that no funds have been raised by the Fellowship since its registration.

Initial reports linked Tether, the issuer of the USDT stablecoin, to the effort, but the company's global operation has denied any affiliation with the PAC.