Woofun AI reports that Swan Bitcoin CEO Cory Klippsten asserted in an interview that Tether effectively controls Twenty One Capital, the publicly listed Bitcoin reserves firm it supports. Klippsten alleged that Tether utilizes the entity to advance its political interests within the United States, though he offered no evidence to substantiate these claims. Tether did not respond to requests for comment.

Klippsten further characterized Strike founder Jack Mallers’ tenure as CEO of Twenty One Capital as a figurehead role focused primarily on promoting the company’s stock. He expressed the view that Mallers’ departure from the position was not a voluntary decision.