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Crypto-Backed Fellowship PAC Withdraws Support for Texas Senate Candidate Ken Paxton
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Politics·4/24/2026AI summary

Crypto-Backed Fellowship PAC Withdraws Support for Texas Senate Candidate Ken Paxton

Fellowship PAC, a crypto-aligned political action committee claiming over $100 million in funding, has withdrawn its advertising support for Texas Attorney General Ken Paxton's US Senate campaign. The group reported spending $1.75 million on supportive ads that were never placed. Republican leaders contacted Commerce Secretary Howard Lutnick regarding his ties to Fellowship, which was partially funded by Cantor Fitzgerald, where his sons now lead the company. Paxton faces Senator John Cornyn in a May 26 runoff.

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