Tether-Linked Super PAC Makes Initial Ad Purchase from Company Co-Founded by US CEO

A newly formed crypto-focused political action committee, The Fellowship PAC, has disclosed its first financial transaction, allocating $300,000 for advertising in support of Georgia Republican Clay Fuller through Nxum Group, a company co-founded by Bo Hines, who currently serves as the chief executive of Tether's US operations and previously advised President Donald Trump on crypto matters. This development comes as The Fellowship PAC, which has ties to Tether, begins to engage in the 2026 US congressional midterm elections. The PAC's first expenditure was reported to the Federal Election Commission, indicating that the funds were used for advertising on behalf of Fuller, who recently won a special election. The payment to Nxum Group may potentially benefit Hines, who co-founded the company, although it is unclear whether he still maintains financial ties to the firm.

According to Michael Beckel, an expert at Issue One, a political reform organization, there are no blanket prohibitions on self-dealing in political committees, as long as the services provided are legitimate and the rates paid are fair market rates. The Fellowship PAC's support for Fuller is its first known financial backing for a candidate, and the PAC has stated that it will actively support candidates who advocate for the development of emerging digital assets technology. The PAC's chairman, Jesse Spiro, is also an executive at Tether's US arm, further solidifying the connection between the PAC and Tether. The Fellowship PAC's activities are being closely watched, given the significant pledges of $100 million in funding announced last year, although the current accounts of the PAC still show no contributions.

The PAC's treasurer, Mitchell Nobel, is an executive at Cantor Fitzgerald, a firm that manages assets for Tether's global operations. As the US midterm elections progress, the crypto industry is likely to require support from lawmakers on both sides of the aisle, and The Fellowship PAC's actions will be closely monitored to see if it can make a significant impact in the congressional field.