Reports indicate the spending may have shaped outcomes in battleground contests, including the Ohio Senate race. Fellowship appears to be following a similar strategy heading into 2026.
Fellowship filed its statement of organization in 2025. Its financial backers have not been publicly identified — a legal but notable feature of how these groups operate.
Legislation Still WaitingIt has since run into resistance over questions involving ethics provisions, stablecoin yield rules, and tokenized equities.
Reports say the Senate Banking Committee was considering a review session on the bill, but no date had been placed on the committee’s official calendar as of Monday.
A second Senate panel would also need to clear the legislation before it could advance to a full chamber vote. For now, the bill’s path forward remains uncertain — and the midterms may determine whether it ever gets one.
Featured image from Ivan Marc/Shutterstock, chart from TradingView
