Tether-Linked PAC Discloses $11 Million in Donations From Cantor Fitzgerald, Anchor Labs

A cryptocurrency political action committee led by a senior Tether executive disclosed that it received a total of $11 million in donations from financial firms.

Cointelegraph reported on April 15 that Fellowship PAC said in filings with the US Federal Election Commission that it received $10 million from Cantor Fitzgerald and $1 million from Anchor Labs, the operator of Anchorage Digital. The funds were recorded as having been received in January 2026.

The PAC is led by Tether’s head of government affairs. At launch, it said it had secured more than $100 million from undisclosed donors tied to the crypto industry. FEC records, however, show no donations above $200 between August and December 2025. Cointelegraph added that funding received after March 31 may not yet be reflected.

Fellowship PAC also spent about $3 million on issue ads through marketing firm Nxum Group. The company was co-founded by Bo Hines, a former White House crypto adviser and chief executive officer of Tether’s US entity.

The PAC also reported more than $1.4 million in additional media spending as of April to support candidates in Georgia’s 14th Congressional District and Senate races in Nebraska and Kentucky. Those contests face party primaries in May.

The crypto industry spent hundreds of millions of dollars in the 2024 US election to back pro-crypto candidates and oppose their rivals. A similar strategy could be repeated this year as control of Congress hangs in the balance.

Mitchell Nobel, listed as Fellowship PAC’s treasurer, has also served as Cantor Fitzgerald’s head of digital asset strategy and policy since August 2025. Anchorage Digital recently joined Chainlink in launching the Blockchain Leadership Fund, a hybrid PAC that can make direct candidate donations and independent expenditures.