According to Bloomberg, Wall Street bank Cantor Fitzgerald donated $10 million in January to the super PAC Fellowship PAC, which aims to support U.S. political candidates favorable to cryptocurrency. Federal Election Commission documents made public on Wednesday show that Jesse Spiro, head of government affairs at Tether, serves as chairman of Fellowship PAC. The report notes that Cantor Fitzgerald is currently run by the son of U.S. Secretary of Commerce Howard Lutnick, and Tether is one of its largest clients.
Cantor Fitzgerald Donates $10 Million to Tether-Linked Super PAC
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Summary
In January, Cantor Fitzgerald donated $10 million to the Fellowship PAC, a pro-crypto super PAC aligned with Tether. Jesse Spiro, the PAC’s chair, oversees Tether’s government affairs. The donation occurs amid global regulatory scrutiny, including the EU’s MiCA framework and U.S. CFT measures. Cantor, led by the son of Howard Lutnick, counts Tether as a major client. The FEC filed the records on Wednesday.
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