Swan Bitcoin CEO says Twenty One Capital serves Tether’s U.S. political interests

Swan Bitcoin CEO Cory Klippsten said in an interview that Tether effectively controls Twenty One Capital, a publicly listed bitcoin treasury company backed by the stablecoin issuer, and uses it to advance political interests in the United States. He did not provide evidence for the claim. Klippsten also said Tether did not respond to a request for comment. In the same interview, he described Strike founder Jack Mallers’ role as CEO of Twenty One Capital as largely nominal, saying Mallers’ main job was to promote the company’s stock. Klippsten added that Mallers’ departure was not his own decision. The remarks amount to a direct criticism of both Tether’s influence over Twenty One Capital and Mallers’ position at the company. The original report did not include supporting documentation for the allegations and noted only that Tether had not commented.