[Tether-Linked Super PAC's First Ad Spend Directed to CEO-Associated Company Draws Market Attention] Odaily Planet Daily News: According to disclosed documents, the Tether-linked super political action committee Fellowship PAC made its first expenditure ahead of the 2026 U.S. Congressional midterm elections, paying approximately $300,000 to Nxum Group, a company co-founded by Bo Hines, for advertising services supporting Republican candidates. Bo Hines currently serves as the head of Tether's U.S. operations and previously worked as a digital asset policy advisor in the Trump administration. Fellowship PAC's chairman, Jesse Spiro, also hails from Tether US. Public records indicate that Nxum Group was co-founded by Bo Hines and his partner, and this transaction coincided with the PAC's first expenditure filing with the U.S. Federal Election Commission (FEC). The PAC had previously announced plans to allocate up to $100 million to support crypto-friendly candidates, but its current account disclosures show funds remain close to zero. Under U.S. campaign finance rules, it is not illegal for political committees to pay affiliated entities for services, provided the payments adhere to the "fair market value" principle, sparking discussions about potential conflicts of interest. Meanwhile, Fellowship PAC has begun targeted advertising and candidate support in Republican elections, positioning itself as a new political influence tool for the crypto industry in the 2026 election cycle. However, questions remain regarding the transparency of its funding sources and actual operations. (CoinDesk)