Tether and Bitfinex have agreed to give up their opposition to the New York Freedom of Information Law (FOIL) request made by a group of journalists, including ZekeFaux of Bloomberg Businessweek. The two companies stated in a joint statement that this is part of their "commitment to transparency," although opposition does not mean complete disclosure of all their documents. The statement said, "It is necessary to clarify that transparency does not mean bulk release of all our documents, which is not in line with standard business practices."