Fellowship PAC Receives $11M from Cantor Fitzgerald and Anchorage Digital for Crypto Political Push

Key Highlights

• Fellowship PAC secured $11 million: $10 million from Cantor Fitzgerald, $1 million from Anchorage Digital
• $3 million allocated to advertising via Nxum Group, co-founded by Bo Hines, CEO of Tether US
• The committee is supporting GOP contenders across Georgia, Kentucky, and Nebraska
• Initial announcement in September 2025 claimed $100 million in committed support
• Mitchell Nobel, Cantor Fitzgerald’s treasurer, also holds the treasurer position at Fellowship

A cryptocurrency-focused political action committee known as Fellowship PAC has reported receiving $11 million in donations according to recent Federal Election Commission (FEC) documents.

The contributions originated from two major sources: financial services giant Cantor Fitzgerald provided $10 million, while Anchor Labs, the parent organization of cryptocurrency banking platform Anchorage Digital, contributed $1 million. Both donations were recorded in January 2026.

The political action committee operates under the leadership of Tether’s government affairs director and maintains connections to prominent figures across cryptocurrency and political circles. Tether US CEO Bo Hines, who formerly held a position as President Trump’s cryptocurrency advisor, established Nxum Group alongside partners. This marketing company received $3 million from Fellowship for promotional activities.

Hines departed from his White House position last year to assume leadership at Tether. Prior to that transition, Nxum contributed $1 million worth of billboard advertising to MAGA Inc. during 2024.

The relationship between Cantor Fitzgerald and Fellowship extends beyond simple financial support. The financial services firm manages reserve assets for Tether’s stablecoin operations. Howard Lutnick, Cantor’s previous leader, currently holds the position of Commerce Secretary under Trump’s administration. Mitchell Nobel, who directs digital asset strategy at Cantor, appears on Fellowship’s documentation as its treasurer.

Campaign Spending Breakdown

Fellowship has allocated $1.5 million toward promotional campaigns supporting Republican contenders across three states. This includes a $300,000 investment backing Clay Fuller, who secured victory in Marjorie Taylor Greene’s previous Georgia House district. An additional $850,000 supports Nate Morris in Kentucky’s Senate contest, while $350,000 backs sitting Nebraska Senator Pete Ricketts.

Primary elections in these three states are slated for May.

When Fellowship launched in September 2025, organizers proclaimed they had secured over $100 million in committed financial backing. Despite this announcement, Federal Election Commission records revealed zero contributions exceeding $200 between August and December 2025.

This discrepancy between publicly stated commitments and officially reported receipts has raised questions. Fellowship has yet to provide comment in response to media inquiries.

Anchorage Digital’s Strategic Investment

Anchorage Digital characterized its $1 million donation as aligned with its comprehensive political engagement approach.

In March, Anchorage additionally revealed plans to partner with Chainlink in supporting the Blockchain Leadership Fund, a hybrid political action committee authorized to make direct candidate contributions.

Questions persist regarding whether Tether itself possesses the ability to donate directly to Fellowship. Federal regulations prohibit foreign entities from participating in United States campaign financing activities.

Tether US has not issued a response to comment requests. Cantor Fitzgerald similarly declined to provide statements regarding its participation.

The latest FEC disclosure documents cover financial activity through March 31, 2026. Contributions received following that deadline remain undisclosed to the public.

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