A newly formed super PAC, The Fellowship PAC, has disclosed its first financial contribution ahead of the 2026 US congressional midterm elections. The PAC, which has been linked to Tether, spent $300,000 on advertising for Georgia Republican Clay Fuller through Nxum Group, a firm co-founded by Bo Hines, the chief executive of Tether's US arm and a former adviser to President Donald Trump. The PAC's first expense filing to the Federal Election Commission reported the payment, which may benefit Hines and his relative. While setting up a super PAC and paying oneself for services is not against US campaign-finance rules, the move has raised questions about transparency and potential conflicts of interest.
The Fellowship PAC has not responded to questions about its formation, funding, or the payment to Nxum Group. The PAC's chairman, Jesse Spiro, is a Tether US executive, and its treasurer, Mitchell Nobel, is an executive at Cantor Fitzgerald, a firm that manages assets for Tether's global operation.