Tether-linked $100M super PAC makes first ad buy through firm co-founded by its own US CEO Bo Hines

- Fellowship PAC, the $100M crypto super PAC chaired by Tether US VP Jesse Spiro, has made its first advertising purchase — routing the spend to a firm co-founded by Bo Hines, who also serves as CEO of Tether's US arm (USAT) - The PAC launched in August 2025 with $100M+ in pledges to back pro-crypto midterm candidates but had reported zero disbursements in FEC filings as recently as February 2026, making this first spend notable - The arrangement raises conflict-of-interest questions: a PAC with deep Tether ties is directing its first ad dollars to a firm founded by Tether's own US chief, despite Tether International previously denying any affiliation with Fellowship - Fellowship PAC enters a field dominated by Fairshake, which reported $193M on hand for the 2026 midterms backed by Ripple and Coinbase

TLDR by @Benthic

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