Tether Appoints Independent Directors to Restructure Twenty One Capital Audit Committee

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Golden Finance reports that on June 6th, Tether announced the appointment of an independent director to the board of Twenty One Capital (currently holding over 43,500 Bitcoins), filling the vacancy in the audit committee created by recent board changes. The new director will meet the independence standards of the U.S. Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE), restoring the full composition of the audit committee. The vacancy on the board arose from Tether's acquisition of XXI equity held by SoftBank Group and the termination of the related governance agreement on May 20th. After the transaction was completed, SoftBank Group's representatives on the board resigned, including one who was a member of the audit committee, and Twenty One Capital had already notified the NYSE of the change in committee composition.
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