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Policy
Crypto PAC Secures $11 Million in Funding, Partners with Tether US CEO's Ad Firm
A recently established cryptocurrency-focused political action committee, known as Fellowship PAC, has commenced operations with an $11 million investment. The committee has assigned $3 million for advertising services to Nxum Group, a firm co-founded by Bo Hines, the CEO of Tether US. According to filings with the Federal Election Commission, the PAC's primary funding sources are Cantor Fitzgera…
April 15, 2026, 7:49 p.m.
Policy
Crypto PAC Secures $11 Million in Funding, Partners with Tether US CEO-Founded Ad Firm
A recently launched crypto-focused political action committee, Fellowship PAC, has commenced operations with an $11 million investment, allocating $3 million towards advertising services through Nxum Group, a firm co-founded by Tether US CEO Bo Hines. The super PAC is concentrating its support on Republican candidates vying for Congressional and gubernatorial positions, having received $10 millio…
April 15, 2026, 7:49 p.m.
Policy
Crypto PAC Secures $11 Million in Funding, Allocates $3 Million for Ads via Tether US CEO's Firm
A newly launched crypto-focused political action committee, Fellowship PAC, has commenced operations with an $11 million backing and has already allocated $3 million for advertising services through Nxum Group, a firm co-founded by Tether US CEO Bo Hines. According to recent Federal Election Commission filings, the super PAC has garnered $10 million from Cantor Fitzgerald and $1 million from Anch…
April 15, 2026, 7:49 p.m.
Policy
Crypto PAC Secures $11 Million in Funding, Ties to Tether Emerge
A recently established cryptocurrency industry political action committee, known as Fellowship PAC, has begun its operations with substantial financial backing of $11 million. Notably, it has allocated $3 million for advertising services through Nxum Group, a company co-founded by Bo Hines, the CEO of Tether US. The super PAC is primarily supporting Republican candidates in congressional and gube…
April 15, 2026, 7:49 p.m.
Policy
Crypto PAC Secures $11 Million in Funding, Partners with Tether US CEO's Ad Firm
A recently-established crypto industry PAC, Fellowship PAC, has commenced operations with an $11 million investment and has allocated $3 million for advertising services through Nxum Group, a company co-founded by Tether US CEO Bo Hines. The super PAC is concentrating its efforts on supporting Republican candidates in congressional and gubernatorial elections. According to Federal Election Commis…
April 15, 2026, 7:49 p.m.
Policy
Pakistan Removes Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The State Bank of Pakistan has officially lifted its ban on providing services to crypto businesses, allowing banks to open accounts for licensed crypto companies. However, banks are still barred from using their own funds or customer deposits to invest in, trade, or hold crypto assets. This move follows the recent introduction of the Virtual Assets Act of 2026, which established the Pakistan Vir…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Restriction, Enabling Banks to Support Cryptocurrency Providers
The State Bank of Pakistan has notified all financial institutions in the country that they are now permitted to provide services to cryptocurrency firms, following the lifting of a seven-year ban. However, the new regulations stipulate that banks are not allowed to use their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This development comes after the re…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Removes Seven-Year Ban on Banks Serving Crypto Firms
The State Bank of Pakistan has officially lifted its ban on providing services to cryptocurrency firms, allowing banks to offer their services to these companies. However, the new regulations stipulate that banks are not permitted to invest in, trade, or hold cryptocurrencies using their own funds or customer deposits. This move follows the introduction of the Virtual Assets Act of 2026, which es…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Offer Services to Crypto Providers
The central bank of Pakistan has officially lifted its seven-year ban on providing banking services to cryptocurrency businesses. However, financial institutions are still restricted from investing in, trading, or holding digital assets using their own funds or customer deposits. This move follows the introduction of the Virtual Assets Act of 2026, which established the Pakistan Virtual Asset Reg…
April 15, 2026, 1:01 p.m.
Policy
Pakistan Reverses Seven-Year Crypto Ban, Permitting Banks to Serve Crypto Firms
The State Bank of Pakistan has officially notified all banks and financial institutions that the longstanding ban on providing services to cryptocurrency companies has been lifted. However, the new regulations stipulate that banks are not allowed to use their own funds or customer deposits to invest in, trade, or hold cryptocurrency assets. This development comes after the enactment of the 2026 V…
April 15, 2026, 1:01 p.m.