Paolo Ardoino, the CEO of Tether, expressed discontent with Fairshake, labeling it ineffective and implying it has become too aligned with specific interests. He did not disclose the identity of the company he criticized.
Fairshake has significantly influenced the upcoming 2024 elections, attracting considerable crypto donations totaling $133 million. Tether plans to expand its presence by launching a US entity led by Bo Hines to develop its political engagement.
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