PANews reported on April 12 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 is Nxum Group, a company co-founded by Tether US CEO and former Trump crypto advisor Bo Hines.

The Fellowship PAC is chaired by Jesse Spiro, Tether's Vice President of Regulatory Affairs in the United States, and its treasurer comes from Tether's partner asset management firm, Cantor Fitzgerald. This PAC previously announced it would raise $100 million to support crypto-friendly politicians, but FEC filings show its account currently has a zero balance.

The funds were used to support Republican candidate Clay Fuller's campaign and are considered a separate expenditure. Election law experts say that such related-party transactions are not inherently illegal, but if the price is not a fair market value, it may constitute a violation.