A newly formed super PAC, The Fellowship, has made its first major expenditure, spending $300,000 on advertising for a Republican candidate through a company co-founded by Tether's U.S. CEO, Bo Hines.
The move has raised questions about the PAC's ties to Tether and potential self-dealing. The Fellowship has presented itself as a transparent and trustworthy player in the crypto space, but its recent actions have sparked concerns about its true intentions and funding sources. As the 2026 congressional midterm elections approach, the crypto industry is likely to face significant legislative challenges, making the role of super PACs like The Fellowship increasingly important.