Tether-Linked Super PAC Invests $300K in Georgia Congressional Race
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A political action committee associated with Tether executives has made headlines by investing $300,000 in its inaugural advertisement. The Fellowship PAC aims to support Republican candidate Clay Fuller in Georgia’s 14th Congressional District.
This financial move was officially registered with the Federal Election Commission (FEC) on April 8, 2026, marking a significant step for the PAC since its establishment in 2025. The funds were allocated to Nxum Group LLC, a firm co-founded by Tether U.S. CEO Bo Hines, for advertisement purposes.
The political advertisement promoting Fuller aired publicly soon after the financial transaction on April 7, although the PAC had not announced Fuller’s endorsement prior to the transaction. Fuller, who has ties to former President Trump, recently won a special election following the departure of former Representative Marjorie Taylor Greene.
The Nxum Group, where the funds were directed, is notable for its leadership, which includes Hines, who has previously worked with the Trump administration on cryptocurrency regulations, alongside his father and a partner. This connection raises questions about the influence of cryptocurrency interests in the political landscape.
On April 1, 2026, Jesse Spiro, known for his role in regulatory affairs within Tether U.S., assumed the chairmanship of the Fellowship PAC, further intertwining the organization’s leadership with Tether’s interests. The treasurer, Mitchell Nobel, is also an executive at Cantor Fitzgerald, the firm that manages Tether’s dollar reserves.
Despite claims of backing amounting to over $100 million from unidentified sources, reports indicate that the PAC has yet to document substantial contributions in its filings. According to filings from the FEC, there have been no significant donations listed, suggesting a modest beginning compared to other crypto-affiliated PACs, which have spent significant sums in recent electoral cycles.
Super PACs are mandated to disclose contributions above $200, and the lack of major donors raised eyebrows. The recent financial commitment of $300,000 is considerably lower than the sums that other political entities, such as Fairshake, have allocated in past elections. Fairshake reportedly spent upwards of $130 million in 2024.
Since Spiro’s recent appointment, the Fellowship PAC has enhanced its online presence, engaging more actively with supporters. Their endorsements now include notable names such as Blake Miguez and Mike Collins. The PAC also promotes the CLARITY Act, advocating for clearer regulations and protections in the cryptocurrency space, emphasizing the need for legislative action.
As the political landscape evolves, all eyes will be on the Fellowship PAC to see whether its reported financial resources will manifest in future disclosures, with the upcoming quarterly reports expected to offer more insight into its funding and support.
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