The Fellowship Political Action Committee (PAC), led by Tether's government affairs head, has spent over $3 million on advertisements for U.S. Senate races, with a significant focus on Texas. The PAC reported to the Federal Election Commission that it allocated $1.75 million to support Texas Attorney General Ken Paxton, who is competing against incumbent Senator John Cornyn in a May 26 runoff. Additionally, the PAC invested in campaigns for candidates in Georgia, Alabama, and Louisiana, with all expenditures managed by Nxum Group, a firm co-founded by former White House crypto advisor Bo Hines. Fellowship PAC, established in September, claims to have raised over $100 million from undisclosed crypto-aligned investors, though filings show $11 million in contributions. The PAC aims to influence the 2026 U.S. midterm elections by supporting candidates favorable to the crypto industry. Meanwhile, prediction market platform Kalshi has penalized Texas candidate Ezekiel Enriquez for insider trading, suspending his access for five years and fining him $784.20 for betting on his own campaign.