Tether's associated super PAC's first advertising expenditure flows to its own CEO-related company, sparking market attention

ME News reports, on April 12 (UTC+8), according to disclosed documents, the Tether-related super political action committee Fellowship PAC completed its first expenditure ahead of the 2026 U.S. Congressional midterm elections. It paid approximately $300,000 to Nxum Group, a company co-founded by Bo Hines, to provide advertising services for Republican candidates. Bo Hines currently serves as the head of Tether’s U.S. business operations, and previously worked as a digital asset policy advisor in the Trump administration. Fellowship PAC’s chairman, Jesse Spiro, is also from Tether US. Public records show that Nxum Group was co-founded by Bo Hines and his partners, and the transaction took place as the PAC filed its expenditure records with the U.S. Federal Election Commission (FEC) for the first time. The PAC previously claimed it would invest up to $100 million to support crypto-friendly candidates, but its current account disclosures show the funds are still close to zero. Under U.S. campaign finance rules, it is not illegal for a political committee to pay service fees to related parties, but such payments must comply with the “fair market price” principle, which has sparked discussion about potential conflicts of interest. Meanwhile, Fellowship PAC has begun running targeted ads and offering candidate support in Republican elections. It is seen as one of the new political influence tools for the crypto industry in the 2026 election cycle, but its funding sources and actual operational transparency remain under scrutiny. (Source: ODAILY)