Wu said that Tether announced it has appointed an additional independent director to the board of Bitcoin treasury company Twenty One Capital (XXI) to fill the vacancy on the audit committee following recent board changes. The XXI board has determined that this candidate will meet the independence standards of U.S. Securities and Exchange Commission Rule 10A-3 and NYSE Listed Company Manual Section 303A.02. Tether stated that the vacancy arose after Tether acquired SoftBank Group's stake in XXI on May 20, leading to the termination of the relevant governance agreement and the SoftBank Group representative's departure from the XXI board. It is reported that XXI currently holds over 43,500 BTC.

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Pragmatists
· 7h ago
SoftBank has pulled out, and Tether moves in to take over the 43,500 BTC market scale—now the governance structure needs to keep up.
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ColdStartUnderTheAurora
· 7h ago
Tether's move this time is quite steady, and they are strictly adhering to compliance.
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