Crypto PAC Fellowship Discloses Millions in Funding from Cantor Fitzgerald and Anchorage Digital

The Fellowship PAC, led by Tether’s head of government affairs, has disclosed $11 million in contributions from Cantor Fitzgerald and Anchor Labs—the company behind Anchorage Digital—according to recent Federal Election Commission (FEC) filings. This funding surge comes as the crypto industry seeks to replicate the political influence it exerted during the 2024 election cycle. The PAC is focusing its resources on key races in Georgia, Nebraska, and Kentucky to ensure a pro-crypto legislative environment in the US Congress as party control remains contested. Specifically, Cantor Fitzgerald contributed $10 million, while Anchor Labs provided $1 million in January 2026. The PAC also reported spending $3 million on "issue advocacy advertising" through the Nxum Group, a marketing firm co-founded by Tether US CEO Bo Hines. Despite these disclosures, the PAC had previously claimed to possess over $100 million from undisclosed backers at its launch in September. FEC records between August and December 2025 showed no receipts exceeding $200, although contributions after March 31 may not yet be fully reflected. The strategic alignment between Tether, Cantor Fitzgerald, and Anchorage Digital underscores a coordinated effort to institutionalize the industry's political presence. With party primaries scheduled for May, these expenditures signal a high-stakes effort to secure favorable regulatory frameworks for digital assets.