A newly formed crypto-focused super PAC, The Fellowship PAC, has made its first major 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 rooted in transparency, has been tied to Tether, although the company has declined to confirm the connection.
The expenditure was made to Nxum Group, a company co-founded by Hines, who also served as a former adviser to President Donald Trump. The advertising effort is in support of Georgia Republican Clay Fuller, who recently won a special election. The PAC's first major expenditure has raised questions about potential self-dealing, although experts say that as long as the services provided are at fair market value, it is not against US campaign finance rules.