Tether-controlled Bitcoin treasury company Twenty One Capital disclosed recently that it must resolve its independent director compliance issues by Friday, June 5, or risk having its stock labeled as "BC" (Below Compliance) by the New York Stock Exchange (NYSE). Over the past year, the company's stock has shrunk by 83%. The compliance crisis was triggered by a transaction on May 19, when Tether fully acquired and canceled 89,106,748 shares of Class A stock held by SoftBank, leading to the termination of the original governance agreement. SoftBank-appointed directors Jared Roscoe and Vikas Parekh subsequently resigned. Since Roscoe was also a member of the audit committee, his departure left the committee with only one independent member, violating NYSE regulations that require at least two independent members during the transition period. (Protos)