Crypto PAC Fellowship Receives $11M from Cantor Fitzgerald and Anchorage Digital

The Crypto PAC Fellowship, a political action committee aligned with the crypto industry, has made significant contributions to its campaign funds. In a recent filing with the US Federal Election Commission (FEC), the fellowship revealed that it had received $10 million from financial services firm Cantor Fitzgerald and $1 million from Anchor Labs, the company behind Anchorage Digital.

The contributions were made in January 2026, amid $3 million in spending by the PAC for 'issue advocacy advertising' with the Nxum Group. This marketing company is co-founded by former White House crypto adviser Bo Hines and Tether US CEO.

The disclosure highlights the significant influence of the crypto industry on US politics. The 2024 election season saw crypto-backed PACs spend hundreds of millions of dollars on media to support 'pro-crypto' candidates and oppose those deemed 'anti-crypto'. With party control of the US Congress hanging in the balance this year, it remains to be seen whether the crypto industry can repeat their successes.