Tether-controlled Bitcoin treasury company Twenty One Capital recently disclosed that it must resolve its independent director compliance issues by Friday (June 5), or it risks having its stock flagged with the “BC” (Below Compliance) code by the New York Stock Exchange (NYSE). Over the past year, the company’s stock price has plummeted by 83%. The trigger for this compliance crisis stems from a transaction on May 19, when Tether fully acquired and canceled SoftBank’s 89,106,748 Class A shares, resulting in the termination of the original governance agreement. Consequently, two SoftBank-appointed directors, Jared Roscoe and Vikas Parekh, resigned. Since Roscoe also served on the audit committee, his departure left the committee with only one independent member, violating the NYSE’s requirement for at least two independent members during the transition period. (Protos) https://www.(wublock123.com)/news/news-62022