Tether and Bitfinex Drop Initial Opposition to FOIL Request by News Publications

Tether and Bitfinex have dropped their initial opposition to a freedom of information (FOIL) request made by several news publications, including Coindesk. The companies have stated that they are committed to transparency but will not be releasing all their documents. They have called for responsible document review before any public release of information. The FOIL request was made after Tether and Bitfinex settled a legal dispute with the New York attorney general's office and agreed to submit quarterly transparency reports for two years.