A new political action committee, 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 has ties to Tether, has been quiet about its formation and funding, but has stated that it aims to support candidates who advocate for the development of digital assets. The expenditure has raised questions about potential self-dealing, but experts say that as long as the services provided are at fair market value, it is not against US campaign finance rules.