A marketing firm co-founded by former White House crypto adviser Bo Hines has begun to make waves in the political landscape after securing $3 million from a political action committee (PAC) associated with stablecoin giant Tether. This funding is part of a broader financial infusion, with the same PAC disclosing millions in donations from two prominent financial institutions.
Familiar Faces Behind The Money
The Fellowship PAC filed documents on April 15, 2026, with the US Federal Election Commission, revealing it had received $10 million from Cantor Fitzgerald and an additional $1 million from Anchor Labs, which is the parent company of crypto bank Anchorage Digital. Both contributions were recorded for January 2026, shortly after the PAC established its presence.
The PAC is spearheaded by Tether’s head of government affairs, with treasurer Mitchell Nobel also serving as Cantor Fitzgerald’s director of digital asset strategy since August 2025. This dual role indicates a direct connection between the top donor and the PAC’s leadership.
Hines, who also holds the title of Tether US CEO, co-founded the Nxum Group, the marketing company that received the $3 million in funding for “issue advocacy advertising.” This positions him at the heart of a complex network of financial relationships that link the PAC’s expenditures to Tether’s orbit.
Crypto’s new $11M PAC has booked millions in ads with a firm founded by Tether’s CEO, signaling strategic growth!
— Bitcoin Dino (@bitcoindinos) April 15, 2026
Anchorage Digital had previously hinted at its political aspirations, announcing in March its intention to collaborate with Chainlink in supporting the Blockchain Leadership Fund, a hybrid PAC capable of making direct contributions to candidates. An Anchorage spokesperson indicated the company planned to make a “meaningful contribution” to disclose to the FEC, however, no filings have surfaced to date.
A Gap Between Claims And Disclosures
When Fellowship launched in September 2025, it claimed to have secured “over $100 million” from supporters aligned with the crypto industry. Yet, FEC records tell another story, showing no contributions above $200 were reported between August 7 and December 31, 2025.
The $11 million recently disclosed consists solely of contributions recorded in January 2026, starkly contrasting the nine-figure figure originally claimed by the PAC. Whether additional significant donations are forthcoming is uncertain, as FEC filings adhere to fixed reporting timelines, meaning contributions made after March 31 would not yet be publicly available.
Targeting Key Races Ahead Of May Primaries
The PAC has already initiated spending in key congressional races, investing $1.5 million into media buys supporting Republican candidates in Georgia’s 14th Congressional District, as well as US Senate races in Nebraska and Kentucky. All three states are slated to hold party primaries in May.
Featured image from Unsplash, chart from TradingView
