$100M committed but $0 disbursed per FEC filings, and the PAC's treasurer is a Cantor Fitzgerald exec — the same firm custodying Tether's reserve assets. So you've got Tether's regulatory VP steering political funding while Tether's own custodian manages the war chest, all while the Senate debates rules that'll determine whether USDT can operate onshore under the GENIUS Act framework. Fairshake dropped $130M in 2024 with Ripple/Coinbase money and it worked — this is Tether running the same playbook but with a much tighter loop between the regulated entity and the regulator-picking machine.

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