Jesse Spiro, VP of Regulatory Affairs at Tether US, has been appointed chairman of the Fellowship PAC, a $100 million crypto political action committee operating with limited public disclosure. The move comes as the crypto industry ramps up political activity ahead of the US midterms and could shape stablecoin and regulatory debates.
Crypto PAC Fairshake announced a $5 million contribution to support pro-crypto Republican Barry Moore in Alabama’s 2026 Senate primary, marking the group's first Senate race investment of the year. The move signals increased industry political engagement ahead of looming federal rulemaking.