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

ME News report, April 12 (UTC+8). According to disclosed documents, the super political action committee Fellowship PAC related to Tether completed its first disbursement ahead of the 2026 U.S. congressional midterm elections, paying approximately $300,000 to Nxum Group, a company co-founded by Bo Hines, for advertising services for Republican candidates. Bo Hines currently serves as the head of Tether’s U.S. business operations; previously, he worked as a digital asset policy adviser in the Trump administration. Jesse Spiro, chairman of Fellowship PAC, 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 at the same time the PAC first filed expenditure records with the U.S. Federal Election Commission (FEC). The PAC had previously claimed it would invest up to $100 million to support crypto-friendly candidates, but current account disclosures show the funds are still nearly zero. Under U.S. campaign finance rules, it is not illegal for political committees to pay service fees to related parties, but such payments must comply with the “fair market price” principle, prompting discussions about potential conflicts of interest. Meanwhile, Fellowship PAC has begun targeted advertising and candidate support in Republican elections, which is considered one of the new tools of political influence for the crypto industry in the 2026 election cycle, but questions remain about its funding sources and the transparency of its actual operations. (Source: ODAILY)