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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

U.S. Sanctions Iran-Linked Crypto Wallets as Tether Freezes $344 Million USDT

Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced on Friday that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. The move came a day after Tether froze $344 mi

GateNews4h ago

US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344 Million in USDT

Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country. The move follows Tether's decision on Thursday, April 24, to freeze $344 million w

GateNews11h ago

US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether

U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country, according to CNN. The move follows Tether's freeze of $344 million in USDT on Tron, which has been linked to

CryptoFrontier17h ago

US Sanctions Iran-Linked Crypto Wallets, Tether Freezes $344M USDT

U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of President Donald Trump's ongoing efforts to increase economic pressure on the country amid an ongoing ceasefire. The move comes a day after Tether froze $344

CryptoFrontier04-25 14:31

US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344M USDT in Coordination with OFAC

Gate News message, April 25 — The U.S. Treasury Department sanctioned multiple cryptocurrency wallets linked to Iran on April 24 as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. Treasury Secretary Scott Bessent said the government will "follow the money

GateNews04-25 08:27

Tether Mints $3B USDT in Past Week, Abraxas Capital Receives $2.89B

Gate News message, April 25 — According to Lookonchain, Tether minted $3 billion USDT over the past week (April 18–25). Abraxas Capital received $2.89 billion USDT from Tether Treasury during the same

GateNews04-25 06:23
Comment
0/400
No comments