Hines, who also holds the title of Tether US CEO, co-founded the Nxum Group, the marketing company that received the $3 million in “issue advocacy advertising” spending. His dual role — private sector executive and former government official — puts him at the center of a web of financial relationships that connects the PAC’s spending directly back 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! 
Anchorage had previously signaled its political ambitions. Reports indicate the company announced in March that it would join Chainlink to back the Blockchain Leadership Fund, a separate hybrid PAC that can contribute directly to candidates.
An Anchorage spokesperson said at the time the company planned a “meaningful contribution” to be reported to the FEC. As of Wednesday, no such filing had appeared publicly.
Whether additional large donations are still in the pipeline remains unclear. FEC filings operate on set reporting windows, meaning contributions made after March 31 would not yet be required to appear in public records.
Targeting Key Races Ahead Of May PrimariesThe PAC has already begun spending in targeted congressional contests. Reports say Fellowship put $1.5 million toward media buys supporting Republican candidates in Georgia’s 14th Congressional District and in US Senate races in Nebraska and Kentucky. All three states are scheduled to hold party primaries in May.
Featured image from Unsplash, chart from TradingView
