The newly established political action committee in the crypto industry, Fellowship PAC, has raised approximately $11 million in funding, with $10 million coming from Cantor Fitzgerald and $1 million from Anchorage Digital. Around $3 million has been spent on political advertisements, with this portion paid to Nxum Group, a firm co-founded by Tether US CEO Bo Hines. The PAC primarily supports Republican candidates and allocates funds to congressional and state-level elections. Although the organization has ties to Tether executives, its main funding sources are financial institutions, and it remains unclear whether Tether can directly participate in related political donations. (CoinDesk) https://(wublock123.com)/news/fellowship-pac-raises-11m-ad-spend-to-tether-ceo-linked-firm-59624