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Republican Party leaders pressured Lutnick to withdraw the $1.75 million support from the crypto PAC for Texas primaries.
According to Axios, Fellowship PAC—a cryptocurrency-focused super political action committee funded by Howard Lutnick’s former firm Cantor Fitzgerald—disclosed in its Federal Election Commission (FEC) filing plans to spend $1.75 million supporting Ken Paxton in the Texas primary runoff. This move has raised alarms among senior Republican officials. Several top GOP officials called Lutnick on Tuesday, urging him to intervene and correct course. Republican leaders are concerned that the expenditure could interfere in a sensitive intra-party primary—Donald Trump has yet to publicly endorse either Paxton or Senator John Cornyn.
Super PAC backed by Solana Institute plans to spend $8 million to support Jon Husted’s election
According to The Block, Sentinel Action Fund—a U.S. super PAC backed by the Solana Foundation—announced it will join forces with its sister advocacy organization Right Vote to spend $8 million supporting Republican Senator Jon Husted in Ohio’s upcoming election against Sherrod Brown, aiming to prevent the former senator and crypto skeptic Sherrod Brown from returning to the Senate. Jon Husted has long supported crypto innovation and backed several pro-crypto legislative initiatives, including the GENIUS Act. Per filings with the U.S. Federal Election Commission, the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital contributed $250,000.
Cantor Fitzgerald contributes $10 million to Tether-affiliated super PAC
According to Bloomberg, Wall Street bank Cantor Fitzgerald donated $10 million to the super political action committee Fellowship PAC in January this year. The committee aims to support U.S. political candidates who are pro-cryptocurrency. According to U.S. Federal Election Commission (FEC) filings made public on Wednesday, Jesse Spiro, Head of Government Affairs at Tether, serves as Chair of Fellowship PAC. The report states that Cantor Fitzgerald is currently run by the son of U.S. Secretary of Commerce Howard Lutnick, and Tether is one of its largest clients.
Cantor Fitzgerald Donates $10 Million to Crypto PAC, Stablecoin Camp Boosts Political Layout
Odaily News Cantor Fitzgerald has donated $10 million to the pro-crypto political action committee Fellowship PAC, which is chaired by Tether U.S. executive Jesse Spiro.Fellowship PAC, established in 2025, has secured over $100 million in pledged funding and aims to support candidates who advocate for digital asset-friendly regulation. The organization has previously spent over $1 million on advertising support in multiple elections.Cantor has a close relationship with Tether, having provided custody services for its stablecoin reserves since 2021. This donation further strengthens their collaboration at the policy level.In addition to Cantor, institutions such as Anchorage Digital have also participated in the donations. Industry insiders believe that as regulatory battles intensify, the crypto industry is continuously increasing its political investment in Washington to push for a clearer and more enforceable regulatory framework.
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Republican Party leaders pressured Lutnick to withdraw the $1.75 million support from the crypto PAC for Texas primaries.
According to Axios, Fellowship PAC—a cryptocurrency-focused super political action committee funded by Howard Lutnick’s former firm Cantor Fitzgerald—disclosed in its Federal Election Commission (FEC) filing plans to spend $1.75 million supporting Ken Paxton in the Texas primary runoff. This move has raised alarms among senior Republican officials. Several top GOP officials called Lutnick on Tuesday, urging him to intervene and correct course. Republican leaders are concerned that the expenditure could interfere in a sensitive intra-party primary—Donald Trump has yet to publicly endorse either Paxton or Senator John Cornyn.
Crypto-related political groups have stockpiled nearly $180 million for the U.S. midterm elections
According to Bloomberg, the cryptocurrency industry’s political action committee (PAC) has amassed $180 million in funding reserves for the U.S. midterm elections—a sum even exceeding that of some major Republican super PACs. The report states that most of these funds were carried over from last year, with the majority held by Fairshake. Fairshake’s primary funders include Coinbase, Ripple Labs, and Andreessen Horowitz.
Super PAC backed by Solana Institute plans to spend $8 million to support Jon Husted’s election
According to The Block, Sentinel Action Fund—a U.S. super PAC backed by the Solana Foundation—announced it will join forces with its sister advocacy organization Right Vote to spend $8 million supporting Republican Senator Jon Husted in Ohio’s upcoming election against Sherrod Brown, aiming to prevent the former senator and crypto skeptic Sherrod Brown from returning to the Senate. Jon Husted has long supported crypto innovation and backed several pro-crypto legislative initiatives, including the GENIUS Act. Per filings with the U.S. Federal Election Commission, the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital contributed $250,000.
Cantor Fitzgerald contributes $10 million to Tether-affiliated super PAC
According to Bloomberg, Wall Street bank Cantor Fitzgerald donated $10 million to the super political action committee Fellowship PAC in January this year. The committee aims to support U.S. political candidates who are pro-cryptocurrency. According to U.S. Federal Election Commission (FEC) filings made public on Wednesday, Jesse Spiro, Head of Government Affairs at Tether, serves as Chair of Fellowship PAC. The report states that Cantor Fitzgerald is currently run by the son of U.S. Secretary of Commerce Howard Lutnick, and Tether is one of its largest clients.
Cantor Fitzgerald Donates $10 Million to Crypto PAC, Stablecoin Camp Boosts Political Layout
Odaily News Cantor Fitzgerald has donated $10 million to the pro-crypto political action committee Fellowship PAC, which is chaired by Tether U.S. executive Jesse Spiro.Fellowship PAC, established in 2025, has secured over $100 million in pledged funding and aims to support candidates who advocate for digital asset-friendly regulation. The organization has previously spent over $1 million on advertising support in multiple elections.Cantor has a close relationship with Tether, having provided custody services for its stablecoin reserves since 2021. This donation further strengthens their collaboration at the policy level.In addition to Cantor, institutions such as Anchorage Digital have also participated in the donations. Industry insiders believe that as regulatory battles intensify, the crypto industry is continuously increasing its political investment in Washington to push for a clearer and more enforceable regulatory framework.
Tether-Linked Super PAC’s First $300,000 Expenditure Suspected of Insider Self-Dealing
According to CoinDesk, filings submitted by Fellowship—a super political action committee (Super PAC) linked to Tether—to the U.S. Federal Election Commission (FEC) show that its first $300,000 expenditure went to Nxum Group. Nxum Group was co-founded by Bo Hines—Tether’s U.S. CEO and former cryptocurrency advisor to the Trump administration—along with his father and a third-party partner. The funds were used to purchase campaign advertisements for Clay Fuller, the Republican candidate for Georgia’s U.S. House of Representatives seat.