Overview
- Federal Election Commission filings released Wednesday show Fellowship PAC raised $11 million, including $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital.
- Soon after reporting the funds, the PAC paid $3 million for ads to Nxum Group, a marketing firm co‑founded by Tether US CEO Bo Hines.
- The committee’s early spending targets Republican races, with filings listing about $300,000 for Clay Fuller in Georgia, $850,000 for Nate Morris in Kentucky, and $350,000 for Nebraska Senator Pete Ricketts.
- A Cantor executive serves as the PAC’s treasurer and Tether‑linked figures help lead the group, underscoring overlapping roles among its largest donor, its leaders, and its ad vendor.
- Fellowship touted $100 million in pledges at its September 2025 launch, yet disclosures through March 31 report $11 million, and U.S. law blocking foreign contributions leaves any direct Tether funding in doubt.