{"id":72157,"date":"2026-04-16T09:12:30","date_gmt":"2026-04-16T02:12:30","guid":{"rendered":"https:\/\/hbbgroup.net\/crypto-pac-fellowship-discloses-11m-from-cantor-fitzgerald-and-anchorage-digital\/"},"modified":"2026-04-16T09:12:30","modified_gmt":"2026-04-16T02:12:30","slug":"crypto-pac-fellowship-discloses-11m-from-cantor-fitzgerald-and-anchorage-digital","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/crypto-pac-fellowship-discloses-11m-from-cantor-fitzgerald-and-anchorage-digital\/","title":{"rendered":"Crypto PAC Fellowship discloses $11M from Cantor Fitzgerald and Anchorage Digital"},"content":{"rendered":"

The committee, led by Tether\u2019s head of government affairs, reported spending $3 million on advertising through a company co-founded by Tether US CEO Bo Hines.<\/p>\n

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The latest filing by the crypto-aligned political action committee (PAC) headed by stablecoin issuer Tether\u2019s head of government affairs shows $11 million in contributions from financial institutions.<\/p>\n

In a Wednesday filing with the US Federal Election Commission (FEC), the Fellowship PAC revealed<\/a> it had received $10 million from financial services firm Cantor Fitzgerald and $1 million from Anchor Labs, the company behind the crypto bank Anchorage Digital. The January 2026 contributions came amid $3 million in spending by the PAC for \u201cissue advocacy advertising\u201d with the Nxum Group, a marketing company co-founded by former White House crypto adviser and Tether US CEO Bo Hines.<\/p>\n

Source: <\/em>FEC<\/em><\/a><\/figcaption><\/figure>\n

Despite the significant contributions from Cantor Fitzgerald and Anchorage, Fellowship initially claimed to have<\/a> \u201cover $100 million\u201d from undisclosed backers aligned with the crypto industry at its launch in September. FEC filings showed no receipts over $200 between Aug. 7, 2025 and Dec. 31, 2025, but did not necessarily include any contributions after March 31.<\/p>\n

The 2024 US election season saw crypto-backed PACs spend hundreds of millions of dollars on media to support candidates they considered \u201cpro-crypto\u201d and to oppose those marked as \u201canti-crypto\u201d by many in the industry. With party control of the US Congress hanging in the balance this year, PAC spending like Fellowship\u2019s signals that the crypto industry could try to repeat their successes of 2024.<\/p>\n

Related: <\/strong><\/em>US midterm election mirrors 2024 as crypto PACs move into Ohio races<\/strong><\/em><\/a><\/p>\n

In addition to its $3 million in advertising costs, the PAC reported in April that it had spent $1.5 million<\/a> in media buys supporting Republican candidates in Georgia’s 14th Congressional District and candidates in US Senate races in Nebraska and Kentucky. Those three US states are scheduled to hold party primaries in May.<\/p>\n

PAC\u2019s ties to the crypto industry<\/h2>\n

Mitchell Nobel, listed as the PAC\u2019s treasurer, has also been Cantor Fitzgerald’s director of digital asset strategy and policy since August 2025, roughly the same time Fellowship filed its statement of organization with the FEC.<\/p>\n

Anchorage announced in March<\/a> that it would be joining Chainlink to support the launch of the Blockchain Leadership Fund, a hybrid PAC that allows contributions directly to candidates as well as independent expenditures. An Anchorage spokesperson told Cointelegraph at the time that the company would make a \u201cmeaningful contribution\u201d to be disclosed with the FEC, but no filing was public as of Wednesday.<\/p>\n