The Fellowship PAC, an independent super Political Action Committee (PAC), has launched with over $100 million to support pro-crypto and pro-innovation candidates, as per Bitcoin Archive .
Aiming to secure America's leadership in digital assets, it will focus on regulatory clarity, transparency, and entrepreneurship. The initiative builds on the momentum of the Donald Trump era to establish the U.S. as the global crypto hub. The PAC is registered with the the Federal Election Committee as of Sept. 15.
Winklevoss twins, the billionaire co-founders of the Gemini crypto exchange, and the Coinbase exchange are reportedly backing the PAC. However, there has been no official confirmation of this commitment at the time of writing.
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Pro-crypto PACs on the rise
On August 20, Tyler and Cameron Winklevoss, twin brothers who are co-founders of the Gemini cryptocurrency exchange, revealed they contributed $21 million in Bitcoin to a Republican-aligned PAC to support Trump's efforts to broaden his pro-digital assets agenda ahead of the mid-term elections.
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Further, according to a Politico report dated Jan. 17, crypto firms like Ripple, Coinbase, Kraken, Circle, and Robinhood poured more than $160 million into Trump's inaugural fund.
Naval Ravikant, an angel investor and entrepreneur, also joined the Winklevoss twins on Aug. 26 to support the pro-Trump Digital Freedom Fund PAC.
Though Ravikant didn't disclose how much he donated, Winklevoss twins donated $21 million in Bitcoin. The PAC aims to support Republican candidates who endorse crypto in the November 2026 midterms.
Super PACs focused on cryptocurrency in the U.S. have raised much more than $150 million towards supporting crypto policy and elections. For example, Fairshake PAC has raised about $141 million for the 2026 congressional cycle as of July 15. Its biggest donors include Coinbase, Ripple, and a16z.
Note:This is developing news. We have reached out to Coinbase and Gemini to confirm if the crypto exchanges are backing the PAC. We will update the story as and when we receive their response.
This story was originally reported by TheStreet on Sep 15, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
