Cantor Fitzgerald has made a major political donation aimed at supporting cryptocurrency-friendly candidates in the United States.
Cantor Fitzgerald contributed $10 million to Fellowship PAC, a group focused on electing leaders who favor digital asset policies. The move highlights growing ties between finance, crypto companies, and political influence.
The political committee is chaired by Jesse Spiro, a senior figure at Tether, which is one of the bank’s largest clients. The funding answers earlier questions about how the group planned to finance its activities after launching with over $100 million in commitments.
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Another major contributor, Anchorage Digital, has also supported the initiative with a smaller donation. The company said its contribution is part of a broader effort to promote clearer rules for digital assets in the US.
According to the filings show the political group has already spent millions on advertising campaigns supporting selected candidates. These efforts are part of a wider push by the crypto industry to shape regulation and policy ahead of future elections. Cantor Fitzgerald itself has deep connections to the crypto sector. It has invested in Tether and also worked with Anchorage Digital on launching a US-based stablecoin earlier this year.
Leadership at Cantor Fitzgerald includes Brandon Lutnick and Kyle Lutnick, sons of Howard Lutnick. The firm has also been active in Washington, pushing for changes to laws that would help regulate stablecoins.
Brandon Lutnick and Kyle Lutnick, leaders in Cantor Fitzgerald, Source: Bloomberg
The donation reflects a wider trend of crypto firms entering political funding at a large scale. Industry-backed groups are becoming more active in supporting candidates who align with their goals. Fellowship PAC is part of a growing list of crypto-linked political organizations. Others include Fairshake and newer groups focused on shaping policy and elections.
These organizations have spent heavily on campaigns, supporting both Republican and Democratic candidates. Their aim is to ensure the US remains competitive in blockchain innovation while pushing for favorable regulations.
As political spending increases, the connection between digital assets and government policy is becoming stronger. This signals that crypto is no longer just a financial sector issue but also a major force in national politics.
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