Tether executive appointed to lead pro-crypto Super PAC

Jesse Spiro, Vice President of Regulatory Affairs at Tether, the world's largest stablecoin issuer, has been appointed to lead The Fellowship, a pro-crypto Super PAC, Eleanor Terrett reported. The appointment of Spiro, a regulatory expert with a background at PayPal and Chainalysis, signals a ramp-up in the crypto industry's political lobbying and candidate support ahead of the U.S. midterm elections. The Fellowship is expected to release its first list of endorsed candidates soon and will begin deploying election funds.