Tether fills Twenty One audit committee seat after buying SoftBank's stake in 43,500 BTC treasury firm
tether.io •
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Promote with Leviathan NewsTether International, controlling shareholder of Twenty One Capital, designated an additional independent director to refill an audit committee seat vacated after Tether bought SoftBank's stake on May 20 and SoftBank's board reps stepped down. XXI says the appointee will meet SEC Rule 10A-3 and NYSE independence standards, restoring the audit committee to full composition. This is governance cleanup, but it matters for a 43,500+ BTC treasury company trying to build beyond balance-sheet Bitcoin into mining, capital markets, and financial services.
TLDR by @Benthic
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