I just reviewed some interesting details about how Tether is moving its tokens in U.S. politics. It turns out that the super PAC Fellowship, linked to the company, made its first advertising expenditure of $300,000, but here’s the curious part: the money went to Nxum Group, a company founded by Bo Hines (CEO of Tether United States) along with his father Todd and another partner.

This expense was used to buy campaign ads for Clay Fuller, a Republican candidate for the Georgia House, right when he was competing in the special election to replace Marjorie Taylor Greene. The interesting thing is that Fellowship never disclosed this expense nor publicly mentioned its support for Fuller.

To put it in context, the super PAC appointed Jesse Spiro (Vice President of Regulatory Affairs at Tether) as chairman of the committee in April of last year, formally reactivating its political strategy. When the committee was announced a couple of years ago, they pledged $100 million in total funding. However, FEC records show a zero balance in the account, and donations have not yet been made public. Tether International clarified that it has no relation to the super PAC, but Tether United States remained silent.

According to campaign finance experts like Michael Beckel of Issue One, legally there’s no problem with a super PAC paying companies owned by the founders, as long as the services are real and the prices are competitive. Another relevant detail: Mitchell Nobel, CFO of Fellowship, works at Cantor Fitzgerald, the firm managing Tether’s global assets.

What stands out is that Tether’s super PAC expenditures are still well below what Fairshake, another crypto super PAC, has invested in several primaries, amounting to millions. And the candidates supported by Fellowship are almost exclusively conservative Republican candidates from conservative states. Clearly, there are interesting political moves happening behind the scenes in the crypto sector.