Fellowship PAC Spent Only on Democratic Candidates Since June

Fellowship PAC has spent only on Democratic candidates since June, a reversal of its earlier Republican-only pattern, with $600,000 routed through Nxum Group for three incumbents’ reelection bids.

The spending supported U.S. Rep. Ritchie Torres of New York, U.S. Rep. Maggie Goodlander of New Hampshire and Sen. Mark Warner of Virginia. Before June, the committee spent only on Republican candidates.

The PAC had previously claimed to have $100 million in funds. The PAC had about $250,000 in cash as of Oct. 14.

Cantor Fitzgerald, Tether’s U.S. partner bank, donated $10 million to the PAC in January. Tether’s vice president of regulatory affairs has chaired the committee since April.

For the period from August 2025 through August 2026, the PAC’s spending exceeded $11 million, largely on media campaigns backing House and Senate candidates. TokenPost has previously covered crypto-aligned election spending in Ohio.