Tether-Linked Super PAC Makes First Election Ad Buy with $300K Spend

A pro-crypto super PAC linked to Tether executives has made its first political ad buy in a Georgia election. The PAC, Fellowship PAC, spent $300,000 on an advertisement supporting Republican candidate Clay Fuller in the 14th Congressional District.

The expenditure was disclosed by the Federal Election Commission (FEC) and marks the first time the PAC has publicly funded a campaign. The $300,000 payment went to Nxum Group LLC, a firm co-founded by Tether's U.S. CEO Bo Hines.

Fellowship PAC had previously announced that it would commit over $100 million for the midterm elections, but no major donors have been disclosed in FEC filings. Despite this, the PAC has continued to grow its online presence and has endorsed several candidates, including Clay Fuller.