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The Fellowship PAC,<\/span> a super PAC fueled by crypto industry cash that once lavished praise<\/a> on Donald Trump, is making a surprising pivot.<\/p>\n When it was founded a year ago, news reports suggested that Fellowship PAC would concentrate<\/a> on supporting Republicans.<\/a><\/p>\n Since June, however, the only candidates Fellowship PAC has spent on have been Democrats, including those who have criticized the president\u2019s meme coin<\/a>, and it is getting help from a former Trump administration official\u2019s company.<\/p>\n Since June, the only candidates Fellowship PAC has spent on have been Democrats.<\/p>\n<\/blockquote>\n<\/figure>\n Fellowship PAC funneled $600,000 since this summer through a firm co-founded by former Trump crypto adviser Bo Hines<\/a> to help reelect Rep. Ritchie Torres of New York; Rep. Maggie Goodlander of New Hampshire; and Sen. Mark Warner of Virginia. The Democrats are considered crypto allies, and none of them are facing competitive elections this fall.<\/p>\n All those advertising dollars have been spent through a vendor called Nxum Group, which was co-founded by Hines, a former Republican congressional candidate and Trump administration official.<\/p>\n Hines did not return a request for comment, and it is not known whether he has personally been involved in the Nxum Group\u2019s work on behalf of Fellowship PAC. In congressional races in 2022 and 2024, he presented himself as a Trump-loving MAGA acolyte.<\/p>\n <\/p>\n There is a thick web of ties between Hines, Fellowship PAC, and one of the biggest players in the crypto industry, a stablecoin<\/a> company called Tether.<\/p>\n Before Trump\u2019s election, Hines was involved in promoting a Trump-themed meme coin<\/a> that made a handful of investors millions before plummeting in value. After Trump\u2019s election, the president tapped Hines to serve as the head of the White House Council of Advisers on Digital Assets. In that role, Hines helped pass a law that created stablecoin regulations that benefited Tether<\/a>.<\/p>\n As Hines served in the Trump administration, Tether was paying money to the firm that Hines co-owned<\/a>, Nxum Group, according to a report last week in the Wall Street Journal. Nxum Group told the news outlet that Hines had no involvement in the company\u2019s business dealings with Tether during that time. Hines said in a June 2025 ethics disclosure<\/a> that he had only a \u201cpassive investment interest\u201d in the company.<\/p>\n Hines left the Trump administration in August 2025 and, a month later, Tether announced that he would serve as the CEO of its U.S. branch.<\/p>\n Tether also has ties to Fellowship PAC. The newly created Fellowship PAC received a $10 million donation<\/a> in January from Tether\u2019s U.S. banking firm, Cantor Fitzgerald. In April, Fellowship PAC announced<\/a> that Tether\u2019s vice president of regulatory affairs would serve as its chair.<\/p>\n Although it launched with a splash last year by claiming that it had a $100 million war chest, the PAC has never reported as much as that in official campaign finance disclosures. The PAC\u2019s last receipt was in January, and its cash on hand dwindled to $250,000<\/a> as of October 14.<\/p>\n Throughout the midterm elections, Fellowship PAC has leaned heavily on Nxum Group to spend advertising dollars on various congressional races.<\/p>\n\n