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- Fellowship PAC launches with $100 million promise, backing pro-crypto candidates while stressing transparency.
- Winklevoss twins reportedly gave $21 million in Bitcoin; filings show no official donations yet.
A newly launched political action committee has emerged with a massive $100 million fund, aiming to influence upcoming elections in the United States. Known as the Fellowship PAC, its mission is to support “pro-innovation, pro-crypto candidates” across federal offices.
The announcement came on Monday through a post on X, with the group emphasizing alignment with the Trump administration’s approach toward digital assets. The PAC said its goal is to strengthen regulations around cryptocurrencies while protecting American leadership in technology and entrepreneurship.
In its launch statement, Fellowship noted,
This PAC is designed to align the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we continue building the ecosystem, it said. This is not the end — it’s only the beginning. More to come.
The group seeks to prevent the loss of entrepreneurs to overseas markets by pushing for regulatory clarity in the United States. Proponents argue this will keep the nation at the forefront of innovation.
🚨NEW: Looks like there’s a new pro-crypto, pro-America super PAC bursting onto the scene ahead of the midterms, separate from Fairshake, with over $100M in the bank.
Now to figure out who’s behind it. https://t.co/ng9Nta5fWI
— Eleanor Terrett (@EleanorTerrett) September 15, 2025
Fellowship Seeks Stronger Role in Crypto Policy
The organization officially registered with the Federal Election Commission on Aug. 7. As of Monday, filings indicated no formal spending or contributions, even though the group claimed to spend $100 million. Reports showed Gemini founders Cameron and Tyler Winklevoss gave more than $21 million in Bitcoin to the effort in August.
The rise of Fellowship is in line with a trend in crypto-backed groups spending a lot of money on politics. Fairshake PAC in 2024 was funded by Ripple Labs and Coinbase and spent over $130 million on congressional races. That money went into advertising campaigns, and some in the industry say the ads swung the outcome.
Another affiliate organization, Protect Progress PAC, was active in Virginia this September. It contributed more than $1 million to help Democrat James Walkinshaw in the primary. On September 9th, Walkinshaw won in the special election for Virginia’s 11th congressional seat.
While some watchers speculated Coinbase might be linked to the Fellowship PAC, however, sources associated with Fairshake e debunked the possibility. They saw no evidence that the exchange had granted funds. Federal Election Commission reports also confirmed that until mid-September, no contributions had been reported.
Crypto Funding Shapes Political Landscape Ahead of 2026
Although the next midterm vote will not occur until November 2026, the PAC’s fundraising is evidence that the digital assets sector is planning well ahead. The campaign is a signal of a strong interest in creating congressional majorities to support digital currency reforms.
Through the establishment of an early war chest, the Fellowship PAC enters a growing list of organizations designed to direct political rhetoric toward cryptocurrency. The group focuses on transparency and trust to answer criticism that political spending usually benefits only a few interests. The press release said,
Unlike past political efforts, the Fellowship PAC’s mission is defined by transparency and trust, ensuring political action directly supports the broader ecosystem rather than narrow or individual interests.
Additionally, CNF recently reported that the Trump administration backed the GENIUS Act, a legislation for stablecoins tied to the US dollar, making it one of the year’s biggest policy moves in the industry.
