Fellowship PAC Enters the Arena: Drops $300K on Georgia Race With $100M War Chest Ready for 2026

Fellowship, the crypto-aligned super PAC that probably has more money than most small nations, has officially begun lighting cash on fire ahead of the 2026 US midterms. According to a filing with the Federal Election Commission, the PAC reported spending $300,000 on advertising for Clay Fuller, a Republican who won a special election for Georgia's 14th Congressional District to replace resigning congresswoman Marjorie Taylor Greene. The spending was disbursed on Tuesday, roughly a month before Georgia's Republican primary on May 19. For context, that's roughly 43 million USDT—or roughly what Tether makes in interest every 15 minutes.

Fellowship is flexing hard, claiming to have $100 million in its war chest from crypto-aligned parties—because apparently regular money is for people who don't understand blockchain. The PAC posted endorsements for candidates to its X account on Thursday, signaling support for Republicans in races across five states. The chosen degens include Alan Wilson for South Carolina governor, Blake Miguez for Louisiana's 5th Congressional District, Mike Collins for US Senate in Georgia, Julia Letlow for US Senate in Louisiana, Pete Ricketts for US Senate in Nebraska, and Nate Morris for US Senate in Kentucky. That's a whole lot of political capital for a group that was probably mining Bitcoin in a basement somewhere a decade ago.

On April 1—because nothing says "serious political operation" like an April Fools' announcement—Fellowship announced that Tether's head of government affairs, Jesse Spiro, would chair the PAC. The group is one of several crypto-backed PACs expected to pour money into the 2026 election cycle like a DeFi protocol flooding liquidity into a new pool. In 2024, the Fairshake PAC spent over $130 million in media buys in congressional races, because when you have more money than sense, why not buy politicians instead of JPEGs?

Meanwhile, the CLARITY Act, legislation passed by the US House of Representatives in July, remains stalled in the Senate with no clear path forward as of Monday. So while crypto PACs are out here writing checks that would make a whale blush, Congress is doing what it does best: absolutely nothing. Classic.