Cantor Fitzgerald Donates $10 Million to Crypto PAC Led by Tether Executive
Key Takeaways:
Donor: Cantor Fitzgerald committed $10 million to Fellowship PAC, disclosed in February FEC filings.Total raised: Wednesday’s FEC filing revealed $11 million in total contributions, including donations from other sources alongside Cantor’s $10 million.PAC leadership: Fellowship PAC is chaired by Jesse Spiro, Tether’s U.S. head of government affairs, and was established in 2025.Anchorage Digital: The digital asset bank separately contributed $1 million to Fellowship PAC.Spending to date: Fellowship has deployed $3 million on advocacy advertising and $1.5 million backing three Republican candidates, including Kentucky Senate candidate Nate Morris and Georgia Representative Clay Fuller.Cantor-Tether history: Cantor Fitzgerald has served as custodian for Tether’s reserve assets since 2021, making this donation an extension of an already entrenched institutional relationship.Political context: Fellowship PAC secured over $100 million in funding commitments ahead of the prior election cycle, positioning itself alongside rivals Fairshake and Defend American Jobs.Watch: FEC filings through 2025 and 2026 for additional commitments toward Fellowship’s $100 million goal and candidate endorsement patterns ahead of pivotal congressional sessions on crypto regulation.
