The Crypto Political Action Committee appoints Tether executive as Chair, fueling stablecoin controversy

SmartContractAuditor · 2026-04-01T21:50:17+00:00

As disagreements over U.S. stablecoin policies intensify, the Crypto Super PAC has appointed Tether executive Jesse Spiro as chairman to support pro-crypto candidates. At this time, the Senate's stablecoin-related bill has stalled due to controversy, with several crypto companies expressing reservations about the new version, and industry lobbying efforts are increasing.

SmartContractAuditor

2026-04-01 21:50:17

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Odaily Planet Daily News: As disagreements in the United States over stablecoin policy intensify, the crypto super political action committee Fellowship PAC has announced the appointment of Jesse Spiro, a U.S. executive at Tether, as chair, to lead political action supporting pro-crypto candidates.

This appointment comes as progress on the “Digital Asset Market CLARITY Act” stalls in the Senate. The current point of contention is whether platforms should be allowed to offer yield or incentives for holding stablecoins, a key obstacle that has kept the bill from reaching consensus for so long.

Recently, some crypto companies, including Coinbase, have expressed reservations about the latest version of the bill, while stablecoin issuer Circle is also facing market pressure due to policy uncertainty.

Analysts note that with midterm elections approaching, the crypto industry is increasing its political lobbying efforts, trying to secure a more favorable policy environment in terms of regulatory direction.

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