Tether Executive to Lead Pro-Crypto PAC for Upcoming US Elections
- Jesse Spiro, head of government affairs at Tether, will chair the Fellowship PAC.
- The PAC claims to have raised over $100 million from undisclosed crypto industry backers.
- Fellowship PAC aims to support candidates favoring innovation and regulatory clarity for digital assets.
- The Fairshake PAC, backed by Ripple Labs and Coinbase, previously spent over $130 million in the last elections.
- The Senate has yet to reschedule a markup on the stalled CLARITY Act regarding digital asset regulations.
The establishment of a pro-crypto Super PAC like Fellowship could significantly influence upcoming elections by leveraging substantial financial resources from the crypto sector. This initiative reflects a growing effort within the industry to shape political landscapes in favor of stablecoin and digital asset regulation.
With claims of over $100 million in funding, Fellowship PAC is positioned to impact the political arena ahead of the critical midterm elections in less than two years. (Source)
