Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO
CoinDesk·2h ago·Neutral
What Happened
Fellowship PAC, a cryptocurrency industry political action committee, has raised $11 million and spent $3 million on advertising through Nxum Group, co-founded by Tether US CEO Bo Hines. The super PAC received $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital. It supports Republican congressional and gubernorship candidates, including spending $300,000 for Clay Fuller, $850,000 for Nate Morris, and $350,000 for Pete Ricketts.
Key Entities
Fellowship PACTether USBo HinesNxum GroupCantor FitzgeraldAnchorage DigitalClay FullerNate MorrisPete Ricketts