Fellowship PAC Begins Backing GOP Ahead of 2026 Vote

TLDR

• Fellowship reported a $300,000 advertising expense for a Georgia congressional race.
• The PAC endorsed Republican candidates in five states through posts on X.
• Fellowship claims over $100 million from crypto-aligned backers.
• Jesse Spiro of Tether chairs the super PAC.
• The Senate Banking Committee has not scheduled a markup for the CLARITY Act.

Fellowship, a crypto-aligned super PAC, has started reporting spending and endorsements ahead of the 2026 US midterms. The group disclosed a $300,000 advertising expense and named several Republican candidates across five states. Its actions follow a filing with the Federal Election Commission and public posts on X.

Fellowship Reports $300,000 Ad Spend and Backs GOP Candidates

Fellowship reported spending $300,000 on advertising for Clay Fuller in Georgia’s 14th Congressional District. The filing showed the disbursement occurred on Tuesday, about a month before the May 19 Republican primary. Fuller won a special election to replace Marjorie Taylor Greene after her resignation. The Federal Election Commission requires super PACs to disclose independent expenditures. The agency states that super PACs may “receive unlimited contributions from individuals, corporations, labor unions and other PACs.”

The group also posted endorsements on X for Republican candidates in five states. It backed Alan Wilson for South Carolina governor and Blake Miguez for Louisiana’s 5th Congressional District. It supported Mike Collins for the US Senate in Georgia and Julia Letlow for the US Senate in Louisiana. It also endorsed Pete Ricketts for the US Senate in Nebraska and Nate Morris for the US Senate in Kentucky. These announcements marked the PAC’s first public endorsements since its 2025 statement of organization.

Crypto Funding Expands Political Activity Before 2026 Midterms

Fellowship announced its launch in September and claimed more than $100 million in funding. The group said undisclosed backers aligned with the crypto industry provided the funds. On April 1, it named Jesse Spiro, head of government affairs at Tether, as chair. The announcement signaled support for candidates with pro-crypto positions. However, the PAC has reported only one expenditure so far.

Crypto-backed political committees increased activity during recent election cycles. In 2024, Fairshake spent over $130 million on media buys in congressional races. Public records show the spending targeted competitive contests, including the US Senate race in Ohio. Federal filings indicate that super PACs operate independently from candidates and campaigns. They may raise and spend unlimited sums on independent political activity under federal rules.

Lawmakers continue to debate federal crypto legislation as PAC activity grows. The US House of Representatives passed the CLARITY Act in July. However, the Senate has delayed action on the bill and has not scheduled a floor vote. Reports indicated that the Senate Banking Committee planned a markup, yet the event did not appear on its calendar. The bill would address regulations affecting crypto markets and banking sectors.

The CLARITY Act has faced questions related to ethics standards and stablecoin yield provisions. Lawmakers have also raised issues concerning tokenized equities and other regulatory details. The Senate Banking Committee must review the bill before any full Senate vote. As of Monday, the committee had not confirmed a markup date.

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