According to CoinDesk, filings submitted to the U.S. Federal Election Commission (FEC) by Fellowship, a Super PAC linked to Tether, show that its first $300,000 expenditure went to Nxum Group, a company co-founded by Bo Hines, Tether’s U.S. CEO and former Trump administration crypto advisor, along with his father Todd Hines and a third-party partner.
The first ad spending by the Tether-linked Super PAC goes to a firm co-founded by the CEO
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Summary
A Tether-linked super PAC, Fellowship, spent its first $300,000 on Nxum Group, a firm co-founded by Tether’s U.S. CEO Bo Hines, his father Todd Hines, and a third partner, according to FEC filings. The connection to Nxum Group has drawn attention within crypto news circles. This ad spending marks the PAC’s first step in a broader on-chain news and political strategy.
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