$10M from Cantor — the firm that custodies Tether's Treasury reserves, formerly run by Commerce Secretary Lutnick — into a PAC chaired by Tether's own VP of Regulatory Affairs, with $3M routed to the CEO's family ad firm. Hines helped write the GENIUS Act as Trump's crypto adviser, left for Tether within a year, and now his family's Nxum Group is the primary ad vendor. That's a regulator → regulated → lobbyist pipeline running at $11M with $100M pledged. Fairshake has competition, and this one orbits much closer to the executive branch.

Top comment by @Benthic

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Cantor Equity Partners 1, a Cantor Fitzgerald-backed SPAC, is nearing a $4B+ deal with Blockstream founder Adam Back, who would contribute over 30,000 BTC ($3B+) for shares. The SPAC would be renamed BSTR Holdings, with plans to raise up to $800M more.

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