TechFlow News, February 26: According to a CoinDesk report, Fellowship PAC—a political action committee that previously pledged $100 million to support pro-crypto candidates—has yet to take any substantive action. Per the latest disclosures filed with the U.S. Federal Election Commission (FEC), the PAC has not raised any funds to date.
Fellowship PAC was announced in September last year, and at the time, rumors circulated that stablecoin issuer Tether might be its backer. However, a Tether spokesperson recently stated, “Tether International has no affiliation with Fellowship.” The PAC’s registration documents list Mitchell Nobel—Cantor Fitzgerald’s Head of Digital Asset Strategy—as its treasurer. Cantor Fitzgerald’s CEO, Howard Lutnick, previously served as U.S. Secretary of Commerce under the Trump administration.
Meanwhile, Fairshake—the crypto industry’s leading super PAC—has announced it holds $193 million in funding and has already begun supporting its first slate of election campaigns.
