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Fellowship PAC Debuts with $100 Million to Shape US Crypto Regulation

Key Takeaways

  • ​Fellowship PAC launched with $100 million to support pro-crypto candidates aligned with the Trump administration’s regulatory stance;
  • The group aims to push for clearer crypto regulations to keep US talent and startups from moving abroad due to uncertain legal rules;
  • Calling itself a link between tech, lawmakers, and the public, the PAC plans long-term involvement in US House and Senate races.

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Fellowship PAC Debuts with $100 Million to Shape US Crypto Regulation

A political group focused on supporting crypto-friendly lawmakers has launched with financial backing of $100 million.

Known as The Fellowship Political Action Committee (PAC), the organization announced its formation on X on September 15.

The funds will be used to back candidates who support digital assets and innovation, especially in alignment with the Trump administration’s stance on crypto regulation.

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The PAC stated that it wants to help shape a legal environment that supports businesses and developers in the crypto industry. One of its stated goals is to prevent skilled professionals and startups from relocating overseas due to unclear or restrictive regulations.

In its announcement, the Fellowship PAC described itself as a bridge between tech leaders, policymakers, and the general public. The group emphasized that building trust and ensuring transparency are integral to its mission.

According to their post, they view this launch as the start of a long-term effort.

This new PAC joins a number of similar groups that have emerged in recent years, which are aiming to influence digital asset policy in Washington. It plans to play a role in congressional races, especially in the House of Representatives and the Senate.

David Bailey, founder of Bitcoin Magazine and BTC Inc., announced plans to raise $200 million for a political fund focused on supporting Bitcoin BTC $115,165.05 -related efforts in the US. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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