Tether Exec Jesse Spiro Named Chairman of Secretive $100M Crypto PAC
The Fellowship political action committee announced Wednesday that Jesse Spiro, Tether US’s Vice President of Regulatory Affairs, will serve as its new chairman. The PAC, described in reporting as a roughly $100 million crypto-focused vehicle, has drawn attention for its opaque structure and rapid growth in the run-up to the US midterm elections. Spiro’s appointment matters because it places a senior Tether regulator-facing executive at the helm of a high-dollar political operation just as lawmakers and regulators consider stablecoin rules and broader crypto oversight. Observers say the move could increase industry coordination on candidate support and policy priorities, while also inviting scrutiny from watchdogs and transparency advocates. Watch for fundraising disclosures, targeted ad buys, and any messaging shifts on stablecoin regulation as immediate indicators of the PAC’s influence.