Fellowship PAC Launches with $11 Million to Support Republican Candidates
- Fellowship PAC has secured $11 million in funding, including $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital.
- The PAC has already spent $3 million on advertising through Nxum Group, co-founded by Tether US CEO Bo Hines.
- Funding has been directed towards supporting candidates like Clay Fuller ($300,000), Nate Morris ($850,000), and Pete Ricketts ($350,000).
- Fellowship PAC aims to raise a total of $100 million to promote pro-crypto candidates.
- Anchorage Digital describes its contribution as an investment in U.S. crypto policy clarity.
The emergence of Fellowship PAC highlights the growing intersection of cryptocurrency interests and political action in the U.S., particularly among Republican candidates. With significant backing and targeted advertising efforts, the PAC is positioning itself as a major player in upcoming elections.
Fellowship PAC’s initial spending of $3 million on candidate support underscores its commitment to influencing political outcomes within the crypto sector.(Source)
