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 before the 2026 U.S. Congressional midterm elections. It paid 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. operations, and previously 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 time the PAC first filed expenditure records with the U.S. Federal Election Commission (FEC). The PAC had previously claimed it would invest as much as $100 million to support crypto-friendly candidates, but current account disclosures show the disclosed funds are still close to zero. Under U.S. campaign finance rules, it is not illegal for political committees to pay service fees to affiliated parties, but such payments must comply with the “fair market price” principle, prompting discussions about potential conflicts of interest. Meanwhile, Fellowship PAC has started running targeted ads and backing candidates in Republican elections, which is seen as one of the new political influence tools 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)