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Posted:

In September 2025, a new cryptocurrency super PAC launched, claiming to have $100 million committed.

Press release from Fellowship PAC: THE FELLOWSHIP PAC The Fellowship PAC Launches With Over $100 Million Committed to Protect America's Leadership in Innovation and Transparency Washington, DC September 15th., 2025: The Fellowship PAC, a new independent-expenditure, today announced over $100 million commitment to back pro-innovation, pro-crypto candidates who will safeguard America's role as the global leader in digital assets and entrepreneurship. The Fellowship PAC represents the next step in the industry's evolution-building on the unprecedented momentum that innovators, entrepreneurs, and investors have already created. Unlike past political efforts, the Fellowship PAC's mission is defined by transparency and trust, ensuring political action directly supports the broader ecosystem rather than narrow or individual interests. Under President Trump's administration, a regulatory framework is being established that puts America on the path to become the global crypto capital. The Fellowship PAC will exist to carry that momentum forward, reinforcing America's competitive edge in digital asset innovation and guaranteeing that founders and domestic crypto companies have the freedom, clarity, and regulatory support to build the future here at home. The PAC will focus on: Supporting candidates committed to transparent and predictable rules for digital assets. Protecting America's global competitive advantage in technology and entrepreneurship. Ensuring that the innovation economy reflects American values of openness, fairness, and opportunity. Preventing the continued exodus of talent and entrepreneurs offshore by keeping the U.S. the best place to innovate, and providing firm regulatory clarity. Transparency and trust is our differentiator. This PAC is designed to align the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust and accountability as we continue building the ecosystem. This is not the end-it's only the beginning. More to come. About the Fellowship PAC: The Fellowship PAC is registered as an independent-expenditure-only committee (super PAC). It does not coordinate with candidates or parties. Its mission is to ensure the United States remains the global leader in crypto and innovation through transparent, ecosystem-wide support.

If true, it would mean the crypto super PACs would have nearly half again as much cash to deploy in the midterms. But their EOY filing showed $0, and I was beginning to wonder if it was a bust.

A week ago, Fellowship PAC announced that Jesse Spiro, head of government affairs at stablecoin company Tether, would be chairing the PAC. Now they've endorsed a slate of Republican candidates, and made their first expenditure ($300,000 in the last moments of Clayton Fuller's successful bid for the special election in GA-14).

It seems like this PAC will indeed be entering the playing field, and potentially dramatically increasing the amount of money in play on behalf of the crypto industry if their earlier claims around funds committed are to be believed. There are a few more days until their quarterly filing is due, at which point we should get more insight into how much money this PAC has on hand and where it's coming from.

Their endorsements so far:

  •  Alan Wilson, South Carolina governor
  • Mike Collins, Georgia Senate
  • Julia Letlow, Louisiana Senate
  • Pete Ricketts, Nebraska Senate (incumbent)
  • Nate Morris, Kentucky Senate
  • Blake Miguez, Louisiana House District 5
Finished reading:
Cover image of Mage Tank 4
Mage Tank series, book 4.
Mage Tank 4
by Cornman.
Published . 756 pages.
fantasy, humor, litRPG
Started ; completed April 9, 2026.
Posted:

“It’s honestly been eye opening (in a bad way) to see how special interests work in our system” says the Head of Politics at Kalshi, which pays Donald Trump Jr. to sit on its advisory board and has spent over a million in lobbying over the past ~year. The government has just filed a lawsuit to intervene to protect Kalshi from several state regulators.

It’s honestly been eye opening (in a bad way) to see how special interests work in our system. Kalshi and other regulated prediction markets are better for consumers and threaten gambling monopolies. So casinos take their profits (which come directly from people’s losses) and use it to fund the state’s litigation to try and shut down their competition. This is part of why so many people believe the government doesn’t work for them anymore
Read:
“The machines are fine. I'm worried about us.”
Minas Karamanis in ergosphere.blog. Published .
People call this friction "grunt work." Schwartz uses exactly that phrase, and he's right that LLMs can remove it. What he doesn't say, because he already has decades of hard-won intuition and doesn't need the grunt work anymore, is that for someone who doesn't yet have that intuition, the grunt work is the work. The boring parts and the important parts are tangled together in a way that you can't separate in advance. You don't know which afternoon of debugging was the one that taught you something fundamental about your data until three years later, when you're working on a completely different problem and the insight surfaces. Serendipity doesn't come from efficiency. It comes from spending time in the space where the problem lives, getting your hands dirty, making mistakes that nobody asked you to make and learning things nobody assigned you to learn.
Posted:

The CFTC (the US commodities regulator) has just sued Arizona, Connecticut, and Illinois for their efforts to "outlaw, regulate, or otherwise restrain" prediction markets like Kalshi.

This is another escalation by newly appointed CFTC chair Mike Selig (and sole Commissioner at the agency), who has taken it upon himself to assert the CFTC's sole regulatory authority over prediction markets. Recently, the CFTC filed a supporting brief in Crypto​.com's lawsuit against Nevada.

As I wrote then, "Since the CFTC has filed no enforcement actions against prediction markets after embracing the sector following Trump’s election, Selig’s jurisdictional claim seems designed to shield the sector rather than regulate it."

Nevertheless, the CFTC's press release accompanying these lawsuits claims that state regulatory intervention could result in "poorer consumer protection and increased risk of fraud and manipulation".

Read:
“CPAC Had the Stage in Texas—but Not Much of a Crowd”.
Steven Monacelli in D Magazine. Published .
When CPAC chairman Schlapp asked the crowd, “How many of you would like to see impeachment hearings?” they erupted in cheers. “No, that was the wrong answer,” Schlapp said. “Let me try again. How many of you would like to see impeachment hearings?” Some in the crowd cheered again. “No,” Schlapp said, clearly frustrated.