Fellowship PAC Makes First Contribution Tied to Tether CEO
- The Fellowship political action committee (PAC) disclosed a $300,000 contribution for Georgia Republican Clay Fuller.
- This payment was made to Nxum Group, co-founded by Bo Hines, former crypto adviser to President Trump and current CEO of Tether US.
- Fellowship PAC aims to support candidates advocating for digital assets technology and has pledged $100 million in funding.
- As of now, the PAC’s accounts show zero contributions beyond the initial expenditure.
- The PAC’s treasurer is Mitchell Nobel, an executive at Cantor Fitzgerald, which manages assets for Tether’s operations.
The Fellowship PAC is actively supporting candidates aligned with its vision of promoting economic growth through digital assets technology. Despite its ambitious funding goals, it currently lacks additional financial backing beyond its first ad buy.
With the recent $300,000 spent on Fuller’s campaign, the PAC has begun its political activities ahead of the midterm elections but still shows no further contributions in its accounts. (Source)
