Cantor Fitzgerald Donates $10M to Crypto PAC

Federal Election Commission filings disclosed on Wednesday reveal that Cantor Fitzgerald, a prominent financial services firm, contributed $10 million to Fellowship PAC, a super PAC focused on supporting candidates favorable to cryptocurrency regulation. Anchorage Digital, a federally chartered crypto bank, added $1 million to the committee, bringing its reported early funding to $11 million as it ramps up activities ahead of the 2026 midterm elections.

Fellowship PAC, which launched in September 2025, aims to back politicians committed to clear and predictable rules for digital assets, including stablecoins and market structure frameworks currently under debate in Congress. The committee is chaired by Jesse Spiro, head of government affairs for Tether's U.S. operations, and its treasurer is Mitchell Nobel, a Cantor Fitzgerald executive overseeing digital asset strategy and policy. While the PAC has close ties to Tether through its leadership and business relationships, the filings show no direct contributions from the stablecoin issuer, which faces restrictions on foreign entities in U.S. campaign finance.

Cantor Fitzgerald has custodied reserves for Tether, the world's largest...