A major cryptocurrency political action committee has committed millions to influence key Texas and national primary races.
The Fellowship political action committee (PAC), an organization closely aligned with the cryptocurrency industry, has initiated a massive advertising blitz totaling over $3 million. According to recent filings with the Federal Election Commission, a significant portion of this capital is being directed toward the state of Texas.
Specifically, the group has allocated $1.75 million to bolster the campaign of Texas Attorney General Ken Paxton. This financial surge arrives just ahead of a critical May runoff election where Paxton seeks to unseat incumbent Senator John Cornyn for the Republican nomination in the 2026 US Senate race.
Beyond the high-stakes contest in Texas, the PAC is distributing funds across several other Southern states to support various Republican candidates. In Georgia and Alabama, the group spent $350,000 each on advertising for Mike Collins and Barry Moore.
Furthermore, Louisiana candidates Julia Letlow and Blake Miguez received a combined $600,000 in promotional support. All of these expenditures were processed through the Nxum Group, a marketing firm led by Bo Hines, who serves as the CEO of Tether in the United States and has previously advised the White House on digital assets.
This spending spree highlights the growing influence of digital asset advocates in the 2026 midterm elections. While the Fellowship PAC originally claimed to have access to $100 million from private investors, official records currently show $11 million in verified contributions.
The group joins other powerful entities like Fairshake in an effort to secure a pro-crypto majority in Congress. The outcome of the Texas primary is particularly noteworthy, as the winner will likely face Democrat James Talarico in the general election, marking a pivotal moment for an industry seeking to move past previous political controversies and secure favorable federal regulations.
