Gate News message, April 24 — Senior Republican officials contacted Commerce Secretary Howard Lutnick this week after Fellowship PAC, a crypto super PAC seeded by Cantor Fitzgerald (the firm Lutnick previously ran), signaled in a federal filing that it planned to spend $1.75 million backing Texas

The Sentinel Action Fund, supported by the Solana Foundation, will invest $8 million to aid Republican Senator Jon Husted in the Ohio Senate race against Sherrod Brown, who opposes crypto. Husted is known for advocating pro-crypto legislation.

Cantor Fitzgerald donated $10 million to Fellowship PAC in January to support pro-cryptocurrency candidates, as revealed in recent Federal Election Commission filings. Jesse Spiro, from Tether, chairs the committee.

Crypto Super Political Action Committee Fellowship PAC appoints Tether U.S. executive Jesse Spiro as chair, pushing for action supporting pro-crypto candidates. Meanwhile, the “Digital Asset Market CLARITY Act” is stalled in the Senate, with controversy over stablecoin yield policy affecting the bill’s progress. The crypto industry is stepping up lobbying efforts, seeking a more favorable policy environment.

Gate News update, April 1, Fellowship PAC announced the appointment of Tether US’s Vice President of Regulatory Affairs, Jesse Spiro, as the organization’s chair. Jesse Spiro will be responsible for driving Fellowship PAC’s next phase of expansion and increasing its support for candidates who back clear regulatory frameworks for innovation, digital assets, and emerging technologies. Fellowship PAC said it will publish the first list of endorsed candidates in the coming days.

Anchorage Digital and Chainlink Labs jointly funded the "Blockchain Leadership Fund" with the goal of supporting candidates in the midterm elections who promote digital asset policy, and it will also conduct voter education. With the current U.S. crypto legislative process stalled, the relevant organizations are also campaigning for the 2026 election.

New York State Congressman Alex Bores faced mail attacks from Think Big PAC during the Democratic primary, with accusations linking him to Sam Bankman-Fried's political network funding. Bores advocates for AI safety legislation while facing intense competition from other candidates in his campaign.

On March 18th in the Illinois primary election, cryptocurrency industry PAC Fairshake spent over $13 million to influence election results, primarily opposing Lieutenant Governor Stratton's candidacy. Supporters included AIPAC and the AI industry, with total outside spending exceeding $50 million, which affected the outcomes of multiple races.

Fellowship PAC announced raising $100 million for the 2026 U.S. midterm elections, but as of the latest disclosure, its on-hand funds are zero. Tether stated that it has no affiliation with the committee.

On February 13, news reports indicate that the political lobbying power of cryptocurrencies is accelerating its involvement in the U.S. election process. The super PAC supporting the digital asset industry, "Protect Progress," announced it will spend $1.5 million on advertisements in the Texas Democratic primary to oppose long-time Congressman Al Green, due to his longstanding anti-crypto stance and multiple votes against related legislation in Congress. Protect Progress is affiliated with the large crypto political organization Fairshake. In a statement, the organization said that Al Green, as a member of the Financial Services Committee, opposed the stablecoin regulation bill the GENIUS Act and the market structure reform bill the CLARITY Act, and is seen as a key figure hindering American financial innovation. He has represented Texas's 9th district since 2005 and has served in Congress for over twenty years.