JPMorgan says Tether may need to sell bitcoin to comply with proposed US stablecoin regulations

> Quick Take > JPMorgan analysts estimate that only 66%–83% of Tether’s reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring. > If the regulations pass, Tether may need to offload bitcoin and other non-compliant assets in favor of U.S. Treasuries and liquid reserves, the analysts say.