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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
New $100 Million Super PAC: Crypto Enters the U.S. Political Arena
Cryptocurrencies are once again taking the spotlight in Washington. A new super political action committee, The Fellowship PAC, has announced that it has raised more than $100 million to support pro-Trump and pro-crypto candidates.
Official Launch in Washington According to filings with the Federal Election Commission, the PAC officially registered on August 7. It has now publicly revealed its goals, presenting itself as a voice for the crypto industry, entrepreneurs, and policymakers seeking to preserve America’s leadership in digital assets and innovation. “Our hallmark is transparency and trust,” the PAC stated in its announcement.
Questions Over Financing While the Fellowship PAC claims to have raised over $100 million, no specific contributions or expenditures have yet been disclosed. Filings list the group as an independent political committee focused solely on spending, leaving open questions about how much cash it currently holds.
Core Mission: Protect U.S. Leadership in Crypto The PAC’s stated mission includes:
🔹 Supporting candidates who advocate for predictable crypto regulation
🔹 Defending U.S. technological competitiveness
🔹 Preventing the outflow of talent overseas Its formation comes at a time when Congress is reviewing several crypto-related bills, ranging from market structure to regulatory oversight.
Preparing for the 2026 Elections The timing is no coincidence. The crypto industry is gearing up for the 2026 midterm elections, when control of both chambers of Congress will be at stake. Crypto-linked PACs have been steadily increasing their influence in U.S. politics. According to research by Public Citizen, crypto-focused PACs invested at least $119 million during the 2024 election cycle ahead of November’s vote. After polls closed, the total reportedly exceeded $300 million.
A New Player in American Politics The launch of Fellowship PAC marks another step in the deepening connection between the crypto industry and U.S. politics. If it indeed controls $100 million in funding, it is set to become one of the most influential players in the next election cycle.
Cryptocurrencies are moving from the margins straight into the heart of American politics. The Fellowship PAC may play a decisive role in shaping how the U.S. approaches regulation and leadership in digital assets in the years ahead.
#crypto , #USPolitics , #blockchain , #CryptoRegulation , #bitcoin
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