Crypto Industry Aims to Boost US Digital Assets Market with $100 Million PAC

The cryptocurrency industry is witnessing a significant wave of political spending ahead of the 2026 U.S. midterm elections. One notable development is the establishment of the Fellowship PAC, a $100 million crypto-backed group aimed at promoting innovation in the US digital assets market.

Led by Jesse Spiro, Vice President of Regulatory Affairs at Tether US, the Fellowship PAC will support leaders who champion new ideas and grow USAT adoption beyond Ethereum. The PAC's mission is to create a structured ecosystem for USAT and similar platforms to expand safely and effectively across multiple networks.

The Fellowship PAC has already received funding from anonymous donors, which will be used to promote USAT adoption, educate the public about digital assets, and provide resources to builders, developers, and technology companies. The PAC's leadership emphasizes the importance of transparent, secure, and trustworthy systems in protecting U.S. leadership in digital assets.

According to Jesse Spiro, the Fellowship PAC aims to create a long-term foundation for multi-chain growth and technological adoption, rather than focusing on immediate influence. This approach is expected to lead to increased growth in USAT adoption over the next two years.