Tether Executive Steps Into Mysterious $100 Million Crypto PAC Before US Midterms
BeInCrypto
Jesse Spiro, a Tether executive, has been appointed Chairman of the Fellowship PAC, which pledged $100 million to pro-crypto candidates.Summary
The Fellowship PAC, which previously committed $100 million to support pro-crypto candidates ahead of the US midterm elections, has appointed Jesse Spiro, Vice President of Regulatory Affairs at Tether US, as its new Chairman. This move follows months of speculation and silence from the PAC, which has yet to disburse any of its pledged funds. While Tether initially denied affiliation, FEC records revealed connections through Cantor Fitzgerald, the firm that custodies Tether’s reserves. Spiro stated the PAC aims to support leaders who champion innovation, signaling a consolidation of the crypto industry’s political efforts as the election approaches and potentially shaping the future of crypto regulation in the US.
(Source：BeInCrypto)