Crypto Industry Sees $11M in PAC Contributions Amid US Election Season

A cryptocurrency-aligned political action committee (PAC) has made significant disclosures about its funding, revealing $11 million in contributions from major financial institutions.

The Fellowship PAC filed a statement with the US Federal Election Commission (FEC), showing that it received $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital. These contributions were made in January 2026, amidst reports of issue advocacy advertising by the PAC through Nxum Group, a marketing company co-founded by former White House crypto adviser Bo Hines.

The disclosures come as the US election season is heating up, with party control of Congress hanging in the balance. This has sparked speculation that the crypto industry may try to replicate its successes from 2024, when PACs spent hundreds of millions on media to support 'pro-crypto' candidates and oppose those deemed 'anti-crypto'.