Crypto-Aligned Fellowship PAC Bets Big on Texas Senate Race
Fellowship PAC, linked to the crypto industry, spent over $3 million on political advertising, heavily supporting Ken Paxton in the Texas Senate race.Summary
The crypto-aligned Fellowship PAC, reportedly backed by over $100 million from undisclosed investors in the crypto industry, has spent more than $3 million on political advertising for US Senate and House races. The majority of this spending, $1.75 million, was dedicated to supporting Texas Attorney General Ken Paxton in his upcoming runoff against incumbent Senator John Cornyn. The PAC also allocated funds to support candidates in Senate and House races in Georgia, Alabama, and Louisiana. These expenditures were processed through Nxum Group, a marketing company co-founded by Bo Hines, a former crypto advisor to the White House and Tether US CEO. Fellowship PAC's significant spending aligns with the broader trend of crypto-backed PACs like Fairshake aiming to influence the 2026 midterm elections by supporting candidates deemed "pro-crypto."
(Source：Cointelegraph)