A newly formed super PAC, The Fellowship, has made its first significant expenditure, spending $300,000 on advertising for a Republican candidate through a firm co-founded by Tether's US CEO, Bo Hines. The PAC, which claims to be committed to transparency, has ties to Tether, although the company has not publicly confirmed the connection. The advertising effort is in support of Georgia Republican Clay Fuller, who recently won a special election and will require further campaign support for the upcoming primary and general election. The payment to Nxum Group, a firm co-founded by Hines and his father, may raise questions about potential self-dealing, although this is not necessarily prohibited under US campaign finance rules, as long as the services provided are at fair market value.
The Fellowship PAC's activities are being watched closely, given its stated goal of supporting candidates who advocate for the development of digital assets and its potential to influence the outcome of the 2026 congressional midterm elections.