Crypto-aligned PAC reports $1.15M ad buys, backs GOP 2026

Fellowship, a crypto-aligned super PAC, reported disbursing $300,000 for advertising in support of Rep. Clay Fuller and $850,000 for advertising supporting Nate Morris, a Republican candidate for U.S. Senate in Kentucky. The expenditures were listed in a Federal Election Commission filing made public Wednesday. The $300,000 payment to Fuller was disbursed on Tuesday and the $850,000 payment to Morris was disbursed on Friday. Both dates fall about a month before Republican primaries in Georgia and Kentucky on May 19.

The PAC posted endorsements on its X account Thursday, naming Morris and Fuller and adding support for Alan Wilson in the South Carolina governor’s race; Blake Miguez for Louisiana’s 5th Congressional District; Mike Collins for U.S. Senate in Georgia; Julia Letlow for U.S. Senate in Louisiana; and Pete Ricketts for U.S. Senate in Nebraska.

Fellowship launched last year and has said it has over $100 million from backers aligned with the crypto industry. On April 1 the PAC named Jesse Spiro, head of government affairs at stablecoin issuer Tether, as its chair. The FEC filing this week is among the first reported expenditures listed in the PAC’s 2025 statement of organization.

Federal election rules allow super PACs to accept unlimited contributions from individuals, corporations, labor unions and other PACs for independent political spending.

Other crypto-aligned groups have been active in recent federal campaigns. In 2024, a crypto-related PAC reported more than $130 million in media buys in congressional races.

Congressional work on federal crypto policy remains unresolved. The House-passed CLARITY Act has not advanced in the Senate. Reports indicated the Senate Banking Committee might schedule a markup, but the committee had not posted the event on its calendar.

The FEC filings and the online endorsements are the first public disclosures of Fellowship’s election spending and candidate support.