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Cantor Fitzgerald has formalized a $10 million donation to Fellowship PAC, linked to Tether. This marks a turning point in the convergence between Wall Street and digital asset lobbying. The push for pro-crypto leadership in Washington just gained momentum. The firm has contributed $10 million to Fellowship PAC, the Tether-backed Super PAC focused on electing digital asset advocates to office. The support comes after years of technical collaboration, as the firm has custoded Tether’s reserves since 2021. With a market capitalization exceeding $120 billion, the stability of USDT is a critical pillar today. The impact of institutional investment on regulation The firm is in the midst of a transition, having previously been led by Howard Lutnick, the current U.S. Secretary of Commerce. Under the new leadership, the company is betting on large-scale favorable regulatory outcomes. For its part, the Fellowship PAC is already executing $3 million in spending on advocacy ads. The objective is clear: to support candidates who promote pro-crypto laws in the upcoming federal election contests. The participation of Anchorage Digital reinforces this logic of coordinated political investment. The sector seeks to gain decisive ground in debates regarding illicit financing, market liquidity, and digital custody structures. However, experts point out that PAC spending does not guarantee the immediate passage of laws. While it generates political will and candidate selection, the legislative process in Washington remains complex and bureaucratic. The multi-million dollar donation from Cantor Fitzgerald seems to indicate that traditional finance has moved from observation to active political investment. This strategic alliance defines a new era for regulatory clarity in the United States.
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