A crypto-linked super PAC tied to Tether has made its first disclosed political spending, directing $300,000 to an advertising firm co-founded by Tether US CEO Bo Hines.
The payment was made by the Fellowship PAC to Nxum Group as part of an ad buy supporting Republican candidate Clay Fuller following his recent special election win in Georgia.
The move has raised questions about potential conflicts of interest, though such arrangements are permitted under US campaign finance rules if services are provided at fair market value.
Fellowship, which previously claimed up to $100 million in pledged funding, has yet to disclose its contributors or broader spending plans ahead of the 2026 midterm elections.
The PAC is led by Jesse Spiro, a Tether US executive, and has positioned itself as backing candidates supportive of digital asset innovation.
Despite reported ties, Tether International said it has no affiliation or oversight over the PAC, leaving its funding structure and connections under scrutiny.
The spending marks an early step in what could become a larger crypto-backed political push as the industry seeks influence over future US regulation.