Tether-Linked Super PAC’s First $300,000 Expenditure Suspected of Insider Self-Dealing
Source:
www.coindesk.com
According to CoinDesk, filings submitted by Fellowship—a super political action committee (Super PAC) linked to Tether—to the U.S. Federal Election Commission (FEC) show that its first $300,000 expenditure went to Nxum Group. Nxum Group was co-founded by Bo Hines—Tether’s U.S. CEO and former cryptocurrency advisor to the Trump administration—along with his father and a third-party partner. The funds were used to purchase campaign advertisements for Clay Fuller, the Republican candidate for Georgia’s U.S. House of Representatives seat.