Tether's first advertising expenditure related to Super PAC went to a company affiliated with its CEO, drawing market attention.

According to disclosed documents, the Tether-affiliated super PAC, Fellowship PAC, completed its first expenditure ahead of the 2026 US 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 heads Tether's US operations and previously served as a digital asset policy advisor in the Trump administration. Fellowship PAC Chairman Jesse Spiro also comes from Tether US. Public information shows that Nxum Group was co-founded by Bo Hines and his partners. This transaction occurred around the time the PAC first submitted its expenditure records to the Federal Election Commission (FEC). The PAC previously claimed it would invest up to $100 million to support crypto-friendly candidates, but its current disclosed account balance remains close to zero. Under US campaign finance rules, it is not illegal for political committees to pay service fees to affiliated parties, but this must comply with the "fair market price" principle, sparking discussions about potential conflicts of interest. Meanwhile, Fellowship PAC has begun targeted advertising and candidate endorsements in the Republican elections, seen as one of the crypto industry's new tools for political influence in the 2026 election cycle, but its funding sources and operational transparency remain questionable. (CoinDesk)