The Fellowship PAC, a cryptocurrency-focused super PAC with a history of backing conservative candidates aligned with Donald Trump, has endorsed Representative Ritchie Torres (D-N.Y.). This marks the first time the group has supported a Democrat in a House race.
Torres, a vocal advocate for crypto-friendly policies in Congress, faces no serious competition in his district. The endorsement signals a strategic pivot by the PAC toward bipartisan engagement rather than strict ideological alignment.
Crypto industry donors have increasingly sought allies across the aisle to advance favorable legislation, including market structure and stablecoin bills. Torres has positioned himself as a key Democratic ally on such issues.
The PAC has not disclosed the amount spent on behalf of Torres, and campaign finance records are incomplete. Some critics question whether the endorsement is more symbolic than substantive given the lack of a contested race.
Analysts note that while the move underscores crypto's growing political influence, it also highlights tensions within the industry between partisan loyalty and pragmatic deal-making. The full impact on future Democratic-crypto relations remains uncertain.