Ghost PAC Gets a Pulse: Tether's Man Takes the Wheel of That $100M Mystery Machine

The Fellowship political action committee announced Wednesday the appointment of Jesse Spiro, Vice President of Regulatory Affairs at Tether US, as its new Chairman. The news arrives after months of speculation about the PAC's activity, following its September pledge of $100 million to pro-crypto candidates, though those funds have yet to be deployed. For a political operation that promised to shake up Washington with a nine-figure war chest, Fellowship had been suspiciously quiet—quieter than a Bitcoin maxi's Twitter mentions after a correction.

In its statement, Fellowship said Spiro will lead the PAC's next phase of growth, expanding efforts to support pro-innovation candidates. The move comes as primaries unfold across the country ahead of the November midterm elections. Nothing says "we're serious about politics" like appointing a regulatory affairs VP right as the primary season heats up—it's almost like they planned this to coincide with campaign contribution deadlines or something.

"This is a pivotal moment for American innovation. We have an opportunity to ensure the United States remains the global hub for builders, entrepreneurs, and technological progress. Fellowship PAC is committed to supporting leaders who understand what's at stake and are willing to act," Spiro said. Ah yes, the classic "American innovation" talking point—the same phrase used by every crypto executive who's ever wanted something from Washington while insisting they're just here to democratize finance.

The announcement marked Fellowship's return to public view after months of near-total silence. Since its September launch, the PAC has made only three public statements on its X