Crypto PAC Fellowship Discloses $11M in Contributions from Cantor Fitzgerald and Anchorage Digital

The latest filing by the Crypto PAC Fellowship with the US Federal Election Commission (FEC) reveals $11 million in contributions from financial institutions. The significant funding comes from Cantor Fitzgerald, which donated $10 million, and Anchorage Digital's parent company Anchor Labs, which contributed $1 million.

These contributions come amid a flurry of spending by the PAC, with over $3 million allocated for issue advocacy advertising with the Nxum Group. This marketing firm is co-founded by former White House crypto adviser Bo Hines, who also serves as Tether's US CEO.