Tether adds independent directors to Twenty One Capital

According to reports, on June 6th, Tether announced the addition of an independent director to the board of Twenty One Capital, a Bitcoin reserve company, to fill a vacancy in the audit committee. Tether stated that the appointment complies with the independence requirements of Rule 10A-3 of the US SEC Securities Exchange Act and the listing rules of the New York Stock Exchange. Previously, after Tether acquired the XXI shares held by SoftBank Group, the resignation of a director appointed by SoftBank resulted in a vacancy. Twenty One Capital holds over 43500 bitcoins and its business covers mining, asset reserves, and more. Tether CEO Paolo Ardoino emphasized the importance of ensuring board independence to match its balance sheet.