ChainCatcher report, according to Bloomberg, Wall Street bank Cantor Fitzgerald donated $100 million to the super PAC Fellowship PAC, which aims to support U.S. political candidates favorable to cryptocurrency. According to Federal Election Commission filings made public on Wednesday, Jesse Spiro, head of government affairs at Tether, serves as chairman of Fellowship PAC. The report notes that Cantor Fitzgerald is currently run by the son of U.S. Secretary of Commerce Howard Lutnick, and Tether is one of its largest clients.
Cantor Fitzgerald donates $10 million to the Tether-linked Fellowship PAC
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Summary
Cantor Fitzgerald has donated $10 million to Fellowship PAC, a U.S. pro-crypto political action committee. FEC filings show Jesse Spiro, Tether’s head of government affairs, chairs the PAC. Howard Lutnick’s son leads Cantor, and Tether is a major client. The move aligns with a broader risk-on asset positioning. Recent regulatory focus on CFT measures has intensified scrutiny of corporate political spending.
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