Fellowship PAC

A crypto super PAC previously aligned with Trump and Republicans has spent $300,000 supporting New York Rep. Ritchie Torres in his reelection primary. The Fellowship PAC, funded by Cantor Fitzgerald, is backing Torres, a House Financial Services Committee member and co-founder of the Congressional Crypto Caucus. The PAC has also endorsed Republicans like Sen. Lindsey Graham and Texas AG Ken Paxton.

Senior Republican officials contacted Commerce Secretary Howard Lutnick to reverse a crypto PAC's plan to spend $1.75 million supporting Texas Attorney General Ken Paxton in a contentious GOP primary runoff. The PAC, Fellowship PAC, linked to Tether and Lutnick's former firm Cantor Fitzgerald, faced backlash for potentially undermining Trump's preferred candidate, Sen. John Cornyn, but did not proceed with the ad buy.

The Fellowship PAC, aligned with cryptocurrency interests, spent $1.75 million supporting Texas Attorney General Ken Paxton in his Senate runoff race against Senator John Cornyn. The election is a May runoff, highlighting significant political investment in the Texas Senate race.