Tether exec chairs crypto PAC amid stablecoin bill debate

The Fellowship PAC has appointed Jesse Spiro, a Tether US executive, as its chairman. This move occurs as discussions surrounding stablecoin incentives have stalled the advancement of the Clarity Act in the Senate. Spiro's leadership aims to support pro-crypto candidates in the upcoming US midterm elections. He emphasized the critical juncture for American innovation and the need to maintain the US as a global hub for technological progress. The PAC's focus is on backing political leaders who understand and are prepared to act on the implications of digital asset legislation.