The Crypto Political Action Committee appoints Tether executive as Chair, fueling stablecoin controversy

Odaily · 2026-04-01T22:02:22+00:00

As disagreements over U.S. stablecoin policies intensify, the Crypto Super PAC has appointed Tether executive Jesse Spiro as chairman to support pro-crypto candidates. At this time, the Senate's stablecoin-related bill has stalled due to controversy, with several crypto companies expressing reservations about the new version, and industry lobbying efforts are increasing.

Odaily

2026-04-01 22:02:22

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Odaily Planet Daily News. As disagreements over stablecoin policy in the United States have intensified, crypto super political action committee Fellowship PAC has announced the appointment of Jesse Spiro, a Tether executive for the U.S. region, as chair, to lead political action supporting pro-crypto candidates.

This appointment comes as the “Digital Asset Market CLARITY Act” is being blocked from moving forward in the Senate. The current controversy centers on whether platforms are allowed to provide returns or incentives for holding stablecoins, and this issue has become the key obstacle preventing the bill from reaching consensus for so long.

Recently, some crypto companies, including Coinbase, have expressed reservations about the latest version of the bill, while stablecoin issuer Circle has also faced market pressure due to policy uncertainty.

Analysts say that as midterm elections draw near, the crypto industry is stepping up political lobbying efforts in an attempt to secure a more favorable policy environment in terms of regulatory direction.

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