CryptoWorld News reports that Tether announced on June 6th that it has added an independent director to the board of Bitcoin reserve company Twenty One Capital to fill a vacancy on the audit committee. Tether stated that this appointment complies with the independence requirements of SEC Rule 10a-3 and the New York Stock Exchange listing rules. Previously, after Tether acquired XXi shares held by SoftBank Group, the resignation of a director appointed by SoftBank created a vacancy. Twenty One Capital holds over 43.5k Bitcoins, with operations including mining and asset reserves. Tether CEO Paolo Ardoino emphasized the importance of ensuring board independence to match its balance sheet.

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CandleWickPoet
· 13h ago
A reserve company holding 43.5k BTC—independent directors really need to choose carefully; the balance sheet is right there.
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CatUnderTheNeonBridge
· 13h ago
Tether is really going all out to comply, even bringing out SEC regulations.
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FeeMarketMonk
· 13h ago
SoftBank has withdrawn from Tether's top position; behind the reshuffling of the board, it’s still the stablecoin giant laying out the Bitcoin ecosystem.
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