Tether's first advertising expenditure related to Super PAC has been revealed, with $300,000 going to a company associated with its US CEO.

CoinFeed reported on April 12th that, according to Coindesk, the Tether-affiliated crypto super PAC, Fellowship PAC, has completed its first campaign ad campaign, costing $300,000. The service provider was Nxum Group, co-founded by Bo Hines, Tether's US CEO and former crypto advisor to Trump. The Fellowship PAC is chaired by Jesse Spiro, Tether's US Vice President of Regulatory Affairs, and its treasurer comes from Tether's partner asset management firm, Cantor Fitzgerald. The PAC previously claimed it would raise $100 million to support crypto-friendly politicians, but FEC filings show its current account balance is zero.