Backed by more than $100 million in fundraising, the Fellowship PAC, supported by the giants of the crypto industry, is establishing itself as a new lever of influence in the US election race. Is the cryptosphere redefining the traditional balance of power within American democracy?
The Winklevoss twins and Coinbase commit $100 million to support crypto candidates
The Political Action Committee (PAC), recently registered as Fellowship PAC, announced its launch on September 15. The organization has raised over $100 million to support candidates who favor innovation and cryptocurrencies.
🇺🇸 Further reading – Donald Trump’s dangerous liaisons with the crypto industry
The PAC is registered as an “independent expenditure committee.” This means that it acts independently, without seeking to coordinate directly with candidates or political parties.
Unlike past political efforts, the Fellowship PAC’s mission is defined by transparency and trust, ensuring that political action directly supports the overall ecosystem rather than narrow or individual interests.
By strengthening the U.S.’s competitive advantage in cryptocurrency innovation, the Fellowship PAC aims to ensure “that domestic crypto founders and companies have the freedom, clarity, and regulatory support necessary to build the future on American soil.” The goal is to make the U.S. the global capital of cryptocurrency.
Introducing The Fellowship PAC: launching with $100M+ committed to back pro-innovation, pro-crypto candidates—and keep America #1 in digital assets & entrepreneurship. Built on transparency and trust. pic.twitter.com/okvfcMqgJK
— Fellowship PAC (@Fellowship_PAC) September 15, 2025
Rumors suggest that the funds may have come from the Winklevoss twins, co-founders of Gemini and Coinbase, but at the time of writing, there has been no confirmation of this.
When crypto buys influence in the White House
Since Donald Trump’s election to a second term in 2024, the crypto industry has stepped up its political lobbying efforts in the United States. According to the Federal Election Commission, PACs and groups affiliated with the crypto sector raised more than $245 million for the 2024 election cycle.
According to a Politico investigation published on January 17, 2025, major crypto companies such as Coinbase, Kraken, and Robinhood contributed more than $10 million to Donald Trump’s inauguration committee.
Ripple also contributed $5 million. Just a few months later, on March 19, 2025, Brad Garlinghouse announced the end of the long legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple.
These donations raise questions for watchdog groups who claim that the president is selling his influence to the most generous donors:
The billionaires think they’ve bought this government.
Elizabeth Warren
Other major companies in the sector, such as Coinbase, have strengthened their ties with the administration by appointing figures close to Trump to their advisory boards, including Chris LaCivita, Trump’s former campaign co-chair.
According to Stand With Crypto, nearly 300 pro-crypto lawmakers currently serve in Congress, giving the industry unprecedented legislative influence. Fairshake, the super PAC backed by major players in the crypto industry, has announced that it has $116 million in cash reserves earmarked for the 2026 midterm elections.
With $11 million in recent contributions, this fundraising confirms Fairshake’s position as one of the most influential political forces in the American electoral landscape.
