[Tether Appoints Independent Director to Twenty One Capital Board, Restores Full Audit Committee Structure] BlockBeats News, June 6: Tether announced that it has appointed a new independent director to the board of Bitcoin reserve company Twenty One Capital (XXI) to fill the previous vacancy in the audit committee. The company stated that this appointment complies with the independence requirements of the U.S. SEC's Securities Exchange Act Rule 10A-3 and the NYSE listing rules. The vacancy arose after Tether acquired shares of XXI previously held by SoftBank Group on May 20, leading to the termination of the governance agreement between the two parties and the resignation of SoftBank-appointed directors, one of whom was a member of the audit committee. According to reports, Twenty One Capital currently holds over 43,500 Bitcoins and is positioned as a vertically integrated Bitcoin company with operations spanning Bitcoin mining, asset reserves, capital markets, and financial services. Tether CEO Paolo Ardoino stated that XXI is building one of the most important Bitcoin enterprises globally. Therefore, the company prioritizes ensuring that the board has an independent oversight mechanism that meets SEC and NYSE requirements to align with its robust balance sheet. [Original Link]