Rich by Coin

The Fellowship PAC pledged $100 million to influence policy in the U.S. midterm elections, but it has not launched or disbursed any funds to date. Initial coverage suggested ties to Tether; however, a spokesperson for Tether International said there is no affiliation with the Fellowship. Federal Election Commission filings show no funds allocated to the PAC as of the latest records. The group’s website and social media accounts exist, yet no executives, donors, or staff are publicly listed.

Crypto industry observers have noted that such a large, crypto-aligned contribution could influence policy outcomes; Fellowship’s absence has kept the political impact hypothetical rather than real. Tether has stated it had no involvement, and the PAC, as filed, has reported zero funds; foreign funding concerns have loomed over crypto-politics, underscoring questions about governance and transparency.