Tether appoints independent directors to restructure the audit committee of Twenty One Capital.

CoinFeed reported on June 6 that Tether announced the appointment of an independent director to the board of Twenty One Capital (XXI) to fill a vacancy on the audit committee following recent board changes. The new director will meet the independence standards of the U.S. Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE), restoring the audit committee to its full composition. The board vacancy stemmed from Tether's acquisition of SoftBank Group's stake in XXI on May 20 and the termination of the related governance agreement. Following the transaction, SoftBank Group's representative on the board resigned, and one of its members became a member of the audit committee. XXI had already notified the NYSE of the changes in committee composition at the time.