Cantor Fitzgerald Donates $10 Million to Crypto PAC Led by Tether Executive

Cantor Fitzgerald has made a significant $10 million donation to Fellowship PAC, a crypto-focused super PAC chaired by Jesse Spiro, Tether’s U.S. head of government affairs. The contribution, disclosed in February FEC filings, underscores the deepening ties between traditional finance and the cryptocurrency industry.

The PAC has raised $11 million in total, with Anchorage Digital contributing an additional $1 million. Fellowship PAC has already deployed $3 million on advocacy advertising and $1.5 million supporting Republican candidates, including Kentucky Senate hopeful Nate Morris and Georgia Representative Clay Fuller.

Cantor Fitzgerald’s donation reflects its longstanding relationship with Tether, having served as custodian for the stablecoin issuer’s reserves since 2021. The move signals institutional confidence in crypto’s political influence, though the ultimate impact on regulatory outcomes remains uncertain.