Fellowship PAC Raises $100M to Shape US Crypto Regulation
Fellowship PAC has unveiled a $100 million fund to shape US crypto regulation. This bipartisan political action committee will support pro-crypto candidates, especially lawmakers aligned with the Trump administration’s digital assets policy. The aim is to curb talent and startup flight overseas. Initial backers include major exchanges and industry figures, signaling broad sector support. Led by former executives and policy specialists, the PAC plans to deploy resources through advertising, grassroots outreach and direct contributions in House and Senate races. The initiative underscores growing political lobbying for regulated digital asset policy, joining efforts like Bitcoin Magazine founder David Bailey’s $200 million Bitcoin-focused fund. For traders, clearer crypto regulation could boost market confidence and long-term growth prospects.
Bullish
Fellowship PAC’s $100 million push for pro-crypto candidates signals a stronger political backing for clear crypto regulation. Regulatory clarity tends to boost investor confidence and market stability, which is typically bullish for digital assets over the medium to long term. In the short term, the heightened political activity around elections may introduce volatility as traders react to policy shifts and candidate performances. However, if the PAC succeeds in advancing clearer rules and preventing restrictive measures, market participants could see improved liquidity and broader institutional adoption. Historical precedents show that regulatory certainty often underpins sustained price growth, making this news generally bullish for cryptocurrencies.