Crypto PAC Fellowship halts support of Texas AG for Senate: Report

After reporting more than $1.7 million to election officials, a crypto-aligned political action committee has reportedly backed out of advertising for a Texas Senate candidate.

The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race.

According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald.

Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from Republicans about Fellowship’s support of Paxton, whom on Tuesday the PAC reported spending $1.75 million in supportive advertising.

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