Cantor Fitzgerald donates $10M to pro-crypto Super PAC

Investment bank Cantor Fitzgerald donated $10 million in January to Fellowship, a U.S. Super PAC supporting pro-crypto politicians, Bloomberg reported. According to a Federal Election Commission (FEC) disclosure, Fellowship's chairman, Jesse Spiro, is the head of government affairs at stablecoin issuer Tether (USDT). Fellowship has now joined other pro-crypto political groups, such as Fairshake—backed by Coinbase, Ripple, and Andreessen Horowitz—in competing to expand the industry's political influence.