{"id":149537,"date":"2025-02-14T10:00:51","date_gmt":"2025-02-14T08:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=149537"},"modified":"2025-02-13T18:50:33","modified_gmt":"2025-02-13T16:50:33","slug":"tether-dismisses-jpmorgans-bitcoin-sale-suggestion","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-dismisses-jpmorgans-bitcoin-sale-suggestion\/","title":{"rendered":"Tether Dismisses JPMorgan’s Bitcoin Sale Suggestion"},"content":{"rendered":"

The analysts, led by Nikolaos Panigirtzoglou, speculated that Tether<\/a><\/strong> might need to offload non-compliant assets like Bitcoin<\/a><\/strong> to comply with pending laws that would restrict reserve requirements for stablecoin issuers.<\/p>\n

In a pointed rebuttal, Tether dismissed the analysts’ assertions, saying they lacked understanding of both the company\u2019s operations and Bitcoin. A Tether spokesperson noted that the proposed legislation was still in its early stages, and the company is actively engaging with regulators to navigate the evolving landscape.<\/p>\n

The regulatory framework in question comes from two proposed bills, the GENIUS Act and the STABLE Act, which aim to create stricter rules for stablecoin issuers. The STABLE Act, in particular, would mandate that reserves be held in highly liquid, government-backed assets, which would require Tether to adjust its current holdings significantly. The JPMorgan analysts suggested that Tether\u2019s existing reserves are only partially compliant with these proposed regulations.<\/p>\n