The Fellowship PAC, a newly established political action committee in the cryptocurrency industry, has quickly secured $11 million in funding, with $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital. This PAC is focused on supporting Republican candidates in key races, including a governorship and congressional seats. It has already committed $3 million to advertising through Nxum Group, a firm co-founded by Bo Hines, the CEO of Tether US and former advisor to President Donald Trump on cryptocurrency. The PAC's treasurer is an executive at Cantor Fitzgerald, which also manages reserves for Tether's stablecoin operations. The PAC aims to champion pro-crypto candidates and has pledged to enhance transparency, although its promised funding level has not yet been realized. The involvement of Tether executives raises questions about direct contributions from Tether, as non-U.S. entities are prohibited from participating in U.S. campaign financing. Anchorage Digital has framed its contribution as part of a broader strategy to influence U.S. crypto policy.