Tether-linked Super PAC’s first $300,000 spending went to a company co-founded by the CEO, allegedly involving pay-to-play and favoritism.

Gate News update: On April 12, a Super PAC Fellowship associated with Tether filed documents with the U.S. Federal Election Commission (FEC) showing that its first $300k expenditure went to Nxum Group. The company was co-founded by Bo Hines, CEO of Tether US, along with his father and a third-party partner. The spending was used to buy campaign ads for Clay Fuller, the Republican congressional candidate in Georgia, prompting concerns about pay-to-play arrangements.

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