Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO

What Happened

Fellowship super PAC, reportedly tied to Tether, spent $300,000 on advertising for Georgia Republican Clay Fuller through Nxum Group, a firm co-founded by Tether US CEO Bo Hines. The PAC named Tether US executive Jesse Spiro as chairman on April 1. Legal experts say self-dealing isn't prohibited if services are provided at fair-market rates. Fellowship claims $100 million in pledges but currently shows zero account balance.

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