Tether’s head of government affairs Jesse Spiro will lead Fellowship PAC, a crypto-backed Super PAC aiming to influence the 2026 US midterm elections.
The committee, which claims to have raised more than $100 million from undisclosed crypto industry backers, plans to support candidates advocating for digital asset innovation and regulatory clarity.
“We have an opportunity to ensure the United States remains the global hub for builders, entrepreneurs, and technological progress,”
Said Spiro.
The move comes as crypto industry funding continues to play a growing role in US politics, with rival Fairshake PAC spending more than $130 million during the 2024 election cycle.
Fellowship PAC has yet to disclose its contributors, though its financial scale suggests it could significantly influence upcoming primaries and the general election.
Following the announcement the Tether-linked token USDT price was unchanged at $1.
The development coincides with ongoing debate in Washington over stablecoin regulation, particularly around yield-bearing models that could affect Tether’s business.
A key market structure bill, the CLARITY Act, remains stalled in the Senate, leaving uncertainty around the regulatory framework for digital assets ahead of the election cycle.