Special Investigations

Press Freedom Defense Fund

Trump-Loving Crypto Super PAC Finally Backs a Democrat: Ritchie Torres

Torres, the only Democrat boosted by cash from the conservative Fellowship PAC, has no serious competition in his House race.

A crypto super PAC that has praised President Donald Trump and previously endorsed an all-Republican slate of candidates has finally found a Democrat it can get behind: New York Rep. Ritchie Torres.

The Fellowship PAC dropped $300,000 on Monday to boost Torres in the final days of his reelection primary campaign, funneling its ad spend through a firm co-founded by Trump’s former top crypto adviser.

The super PAC’s largest funder is Cantor Fitzgerald, the investment bank helmed by the sons of Commerce Secretary Howard Lutnick.

Who’s Spending in Your Congressional Election? We Tracked the Front Groups Fueling the 2026 Midterms.

Torres is not expected to face serious opposition in the June 23 primary in New York. The sole public poll of the race put him far ahead of his leading opponent, former Democratic National Committee vice chair Michael Blake.

Torres, the Fellowship PAC, and Blake did not immediately respond to requests for comment.

The spending is another sign of bond between crypto firms and Torres, a member of the key House Committee on Financial Services who has been one of the industry’s most vocal Democratic supporters. Torres was a co-founder of the Congressional Crypto Caucus.

Still, the primary intervention still comes as something of a surprise given that, in the past, the Fellowship PAC only doled out campaign funds on behalf of Republicans. Reporting on its creation, the New York Times described the PAC as “more aligned with the Republican Party and President Trump than Fairshake, which is the dominant, pro-crypto super PAC.”

The PAC signaled support for Trump in a press release announcing its creation in September, praising him for putting “America on the path to become the global crypto capital.” In the months since then, however, the odds........

© The Intercept