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Crypto PAC Fellowship Spends $3M Supporting Pro-Crypto Candidates, Mostly for Texas' Ken Paxton
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Politics·4/23/2026AI summary

Crypto PAC Fellowship Spends $3M Supporting Pro-Crypto Candidates, Mostly for Texas' Ken Paxton

The crypto-aligned Fellowship PAC, led by Tether's head of government affairs, spent over $3 million on advertising for US Senate and House races, with $1.75 million supporting Texas Attorney General Ken Paxton in his May 26 runoff against Senator John Cornyn. Additional spending included $350,000 each for Mike Collins in Georgia and Barry Moore in Alabama, and $250,000 and $350,000 for Blake Miguez and Julia Letlow in Louisiana. Meanwhile, prediction market Kalshi banned Texas candidate Ezekiel Enriquez for five years after he bet less than $100 on his own candidacy.

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Cointelegraph