Tether associates PAC Fellowship donates $300k to Nxum Group, co-founded by Bo Hines

Techub News reports that, according to CoinDesk, the emerging political action committee Fellowship in the cryptocurrency industry disclosed its first donation ahead of the 2026 midterm congressional elections. The $300k funds flowed to a company co-founded by former President Trump’s cryptocurrency advisor Bo Hines, who is currently the CEO of Tether US.

It is reported that since the political action committee announced its formation, its actions have been linked to Tether, although the company has refused to confirm this connection. On April 1, the political action committee appointed Jesse Spiro, an executive at Tether US, as chairman. A few days later, Fellowship submitted its first expenditure report to the Federal Election Commission, stating that it purchased advertisements for Georgia Republican Clay Fuller through Nxum Group. Nxum Group was founded by Hines, his father Todd Hines, and another partner. The political action committee claims to be “based on transparency,” but has not responded to questions regarding its background, sources of funding, or payments that may benefit Tether US CEO and his relatives.

In response, Michael Beckel from the political reform organization Issue One stated that as long as service prices are consistent with fair market value, establishing a super PAC and paying oneself for services does not violate U.S. campaign finance laws.