New $100M Pro-Crypto Super PAC Launches to Back “Pro-Innovation” Candidates in the U.S

The battle over the future of digital assets in the United States is heating up and now a new heavyweight has entered the political arena. A political action committee (PAC) known as Fellowship PAC has launched with more than $100 million in funding, aiming to back “pro-innovation, pro-crypto” candidates across the country.

In a post on X (formerly Twitter) on Monday, the group announced its formation, saying the fund was part of a broader effort to support the Trump administration’s digital asset strategy and prevent an “exodus of talent and entrepreneurs” from the United States. By funneling money into strategic congressional races, the PAC hopes to encourage regulatory clarity for the crypto industry — a sector that has frequently complained of inconsistent or overly harsh treatment from U.S. regulators.

Crypto Money in Politics

The emergence of Fellowship PAC underscores how deeply digital asset firms and investors are becoming intertwined with American politics. In 2024, the Fairshake PAC, funded largely by Coinbase and Ripple Labs, spent more than $130 million on advertising in congressional races. Many analysts argue those investments may have played a role in shaping electoral outcomes.

Reports have also linked Fellowship PAC’s fundraising to high-profile figures in the industry. While Cointelegraph was unable to independently verify the claims, initial accounts suggested that Coinbase, along with Gemini co-founders Cameron and Tyler Winklevoss, were among the contributors. In August, the Winklevoss twins publicly contributed more than $21 million in Bitcoin to efforts supporting former President Donald Trump’s pro-crypto stance, with the aim of influencing Congress to maintain a Republican majority.

Rising Competition Among Crypto PACs

Fellowship PAC joins a growing roster of political organizations dedicated to influencing Washington’s approach to crypto. According to Federal Election Commission (FEC) records, the Digital Freedom Fund PAC, established in July, has not yet reported contributions or expenditures.

Though the U.S. midterm elections are still more than a year away, set for November 2026, several key races in 2025 may already be feeling the impact of crypto-backed money. With hundreds of millions of dollars potentially in play, political analysts suggest digital asset firms could emerge as a powerful lobbying force rivaling more traditional industries.

The Bigger Picture

At its core, the rise of crypto-focused PACs reflects an industry fighting for survival and legitimacy within the U.S. financial system. Advocates argue that without clear regulations, blockchain firms will migrate overseas, taking jobs, innovation, and capital with them. Critics, however, warn that the flood of crypto money into politics could skew policymaking in favor of speculative industries at the expense of consumer protection.

For now, Fellowship PAC’s $100 million war chest signals that the crypto industry is playing a long game, one that may reshape not just regulatory policy, but potentially the balance of power in Congress itself.