Vice President of Regulatory Affairs at Tether US, Jesse Spiro, is now the chairman of the Fellowship PAC, a $100 million crypto-backed group that will support leaders who champion new ideas and grow USAT beyond Ethereum.
The Fellowship PAC said it will invest in increasing USAT adoption and expand its market on many blockchains. The move comes amid a broader wave of political spending by crypto firms ahead of the 2026 U.S. midterm elections.
Tether executive leads PAC to drive USAT expansion
Jesse Spiro previously led government and regulatory affairs at Tether US and will now guide the PAC’s strategy to support initiatives that expand USAT activity beyond Ethereum.
Anonymous donors raised over $100 million to ensure the PAC has sufficient resources to promote innovation, educate the public about digital assets, and increase USAT adoption across different blockchains.
Tether’s USAT is structured to comply with the recently enacted GENIUS Act, which introduced clearer rules for stablecoin issuers, including requirements for reserve transparency and asset backing.
The leadership of USAT by former U.S. official Bo Hines emphasizes Tether’s strategy of becoming involved in the U.S. regulatory and political landscape.
Hines has said the company’s goal is “to participate in the U.S economy in a big way” and now says he expects more growth in the next two years.
The PAC’s mission is to support transparent, secure, and trustworthy systems, thereby protecting and strengthening U.S. leadership in digital assets. Similarly, the initiative will assist builders, developers, and technology companies in accessing the tools and networks they need to advance entrepreneurship and support innovation in financial infrastructure.
Vice President of Regulatory Affairs at Tether US said, “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.”
Fellowship PAC uses crypto funds to grow innovation and USAT adoption
The PAC will announce its first slate of candidate endorsements, focusing on individuals and groups that recognize the value of open markets. Other crypto-backed PACs, including Fairshake PAC, took a similar initiative by spending more than $130 million in the 2024 election cycle and recording $193 million in resources heading into the 2026 midterms.
According to reports, the Fellowship PAC collects funds from multiple backers in the crypto industry, though the details remain hidden. In addition to financial support, the PAC will work with crypto industry stakeholders to provide a platform for builders, developers, and companies to partner on projects that improve USAT.
Similarly, the committee is responsible for educating leaders and stakeholders on topics like blockchain platforms, stablecoins, and the use of USAT. This way, users and businesses will easily integrate the stablecoin into their day-to-day activities.
What’s more, Fellowship PAC will run visibility campaigns that demonstrate USAT’s capabilities, help new users discover the stablecoin, encourage developers to build applications, and guide businesses in using the platform effectively.
The PAC also monitors other crypto-backed committees, observes adoption patterns, and analyzes technical challenges to reduce errors and implement best practices that accelerate USAT adoption across multiple networks.
With easy access to resources, guidance, and awareness campaigns, retail users will better understand the program, while institutions will get the support they need to integrate USAT into their daily operations.
According to Jesse Spiro, Fellowship PAC aims to create a structured, long-term ecosystem in which USAT and similar platforms can expand safely and effectively. Instead of focusing on the immediate influence, the PAC will build a foundation for multi-chain growth and technological adoption.