On October 18, 2023, a new political project, Fellowship PAC, was announced in Washington, launching with a robust commitment of $100 million. The group's goal is to support initiatives in cryptocurrency, new technologies, and transparency.
Goals and Priorities of Fellowship PAC
Fellowship PAC aims to support candidates who advocate for predictable rules for digital assets. The organization focuses on protecting America's global advantage, ensuring fairness in the innovation economy, and preventing entrepreneurs from leaving the U.S. due to regulatory uncertainty.
Support from Key Figures in the Crypto Industry
The initiative is reportedly backed by prominent figures, such as the Winklevoss twins, co-founders of Gemini. Tyler and Cameron Winklevoss have also reportedly supported a Republican-aligned PAC backing Trump's pro-crypto position.
Impact of Cryptocurrency on American Politics
Fellowship PAC highlights the influence of cryptocurrencies on U.S. politics, placing issues of global competitiveness and innovation at the forefront of political discussions. According to a report, Ripple, Coinbase, Kraken, and other platforms have contributed significant funds to support crypto-related initiatives.
Amidst the growing interest and support for crypto initiatives, Fellowship PAC represents a significant step towards strengthening the U.S. position in the realm of digital assets and the innovation economy.
