Tether-Linked Super PAC Initiates Political Spending with Controversial First Buy

The Fellowship super PAC, a political action committee closely associated with the stablecoin issuer Tether, has officially entered the 2026 midterm election cycle with its first financial disclosure. The PAC reported a $300,000 expenditure for advertising services to support Republican candidate Clay Fuller in Georgia. The transaction has drawn scrutiny because the advertising was purchased through Nxum Group, a firm co-founded by Bo Hines, who currently serves as the CEO of Tether US. While such arrangements are generally legal under U.S. campaign-finance laws provided services are rendered at fair market value, the overlap between PAC leadership and service providers has sparked debate over transparency. The PAC recently appointed Jesse Spiro, Tether US's vice president of regulatory affairs, as its chairman. Despite previous claims that the organization would be established with $100 million in pledges, current Federal Election Commission (FEC) filings indicate that the PAC's accounts are currently at zero. While Tether International has denied direct oversight of the Fellowship PAC, the move signals an aggressive push by crypto-aligned interests to influence the U.S. legislative landscape. The PAC has begun endorsing various Republican candidates who support the growth of digital asset infrastructure and the reinforcement of the U.S. as a leader in financial technology.