Fellowship PAC Secures $10M from Cantor Fitzgerald, Tether Executive Appointed Chairman

The Crypto Political Action Committee Fellowship PAC released its first Federal Election Commission (FEC) donation disclosures in April, showing a $10 million contribution from Cantor Fitzgerald. Cantor Fitzgerald has a direct connection to the current U.S. Secretary of Commerce, Howard Lutnick; before Lutnick took office, he transferred company leadership to his children.

First FEC Disclosure: Donation Sources and Tether Links

Based on Fellowship PAC’s first FEC donation disclosure, the confirmed donors are as follows:

Cantor Fitzgerald: $10 million

Anchorage Digital: $1 million

Cantor Fitzgerald has a direct business connection with Tether: Cantor holds shares in Tether and is responsible for managing part of Tether’s reserve assets. According to a report earlier this month by BeInCrypto, Fellowship PAC has appointed Jesse Spiro as chairman; Spiro is also the Vice President of Regulatory Affairs at Tether US. Fellowship PAC was formed in September 2025, and between its founding and this first public action there is an interval of more than seven months.

List of Endorsements for Six Republican Candidates

According to a Fellowship PAC announcement on X on April 9, 2026 (as relayed by reporter Eleanor Terrett), the six candidates Fellowship PAC publicly supports are:

· Alan Wilson, candidate for governor in South Carolina

· Pete Ricketts, the incumbent U.S. Senator from Nebraska (re-election campaign)

· Mike Collins, candidate for a U.S. House seat from Georgia

· Nate Morris, candidate for a U.S. House seat from Kentucky

· Julia Letlow, candidate for a U.S. House seat from Louisiana

· Blake Meigs, candidate for the 5th Congressional District in Louisiana

NXUM Group Advertising Contract Tied to Bo Hines

Based on data from Molly White, a researcher in the cryptocurrency industry, Fellowship PAC funneled a total of $4.5 million to NXUM Group: $3 million was used for issue advocacy ads, and $1.5 million was used for producing ads supporting three campaigns. Molly White also disclosed that Fellowship PAC provided a $850k grant to Nate Morris’s Kentucky campaign and a $350k grant to Pete Ricketts’s Nebraska re-election campaign. NXUM Group was co-founded by Bo Hines; Bo Hines previously served as director of the Trump administration’s Digital Assets Advisory Committee, and he is currently the CEO of Tether US.

Frequently Asked Questions

What donors and amounts does Fellowship PAC’s first FEC disclosure show?

According to Fellowship PAC’s first FEC donation disclosure, the main donors are Cantor Fitzgerald ($10 million) and Anchorage Digital ($1 million), totaling $11 million.

What is the specific connection between Cantor Fitzgerald and U.S. Commerce Secretary Lutnick?

According to publicly available information, the current Commerce Secretary, Howard Lutnick, previously led Cantor Fitzgerald before taking office, and transferred control of the company to his children before taking office; Cantor Fitzgerald also holds shares in Tether and is responsible for managing part of Tether’s reserve assets.

How is the $4.5 million contract awarded to NXUM Group allocated?

According to data from researcher Molly White, of the $4.5 million Fellowship PAC paid to NXUM Group, $3 million was used for issue advocacy ads, and $1.5 million was used to produce ads for three campaigns; NXUM Group was co-founded by Bo Hines, the current CEO of Tether US.