{"id":44341,"date":"2025-02-13T18:06:24","date_gmt":"2025-02-13T18:06:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44341"},"modified":"2025-02-13T18:06:24","modified_gmt":"2025-02-13T18:06:24","slug":"tether-clashes-with-jpmorgan-over-bitcoin-sale-suggestion-will-tether-sell-btc-to-comply-with-us-stablecoin-regulations","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44341","title":{"rendered":"Tether Clashes With JPMorgan Over Bitcoin Sale Suggestion: Will Tether Sell BTC To Comply With US Stablecoin Regulations?"},"content":{"rendered":"

JPMorgan analysts believe that Tether will have to sell some of its assets in order to comply with US stablecoin regulations.\u00a0<\/span><\/p>\n

In fact, the analysts suggested that Tether sell Bitcoin, precious metals, corporate paper, and secured loans. Tether being the largest stablecoin company could find itself in trouble over newly introduced regulations.\u00a0<\/a><\/span><\/p>\n

The STABLE Act sets stricter reserve standards and lets states regulate. Meanwhile, the GENIUS Act requires federal oversight of large issuers and allows the use of a wider range of reserve assets.<\/span><\/p>\n

Digital Assets Subcommittee Chairman Bryan Steil commented on the new stablecoin regulations and said, \u201cBy implementing a clear regulatory structure for payment stablecoins, we can support continued innovation, bolster the US dollar\u2019s position as the world\u2019s reserve currency, and protect consumers and investors.\u201d<\/p>\n

The JPMorgan analysts further said, \u201cUS stablecoin regulations requiring more transparency and frequent reserve audits pose additional challenges to Tether.\u201d According to the analysts, 34% of Tether\u2019s reserves would be noncompliant.<\/p>\n

BREAKING: JPMorgan predicts Tether may need to sell $BTC<\/a> to comply with proposed U.S. stablecoin rules.<\/p>\n

For reference, Tether is one of the world\u2019s largest BTC buyers, holding nearly 85,000 BTC. If (when) they sell and halt purchases, BTC will easily crash far below $10K again.<\/p>\n

\u2014 Jacob King (@JacobKinge) February 13, 2025<\/a><\/p>\n\n

Explore: Tether\u2019s USDT To Be Delisted On Crypto.Com, Nine Other Tokens At Risk<\/a><\/strong><\/p>\n

\u201cJPM analysts\u00a0 are salty because they don\u2019t own Bitcoin,\u201d Says Tether CEO Paolo Ardoino<\/h2>\n

Paolo Ardoino, Tether CEO quickly rejected the suggestion offered by JPMorgan analysts.<\/p>\n

Through a post on X on 13 February 2025, Ardoino slammed the suggestion. He said, \u201cTether analysts say that JPM does not have enough Bitcoin.\u201d<\/p>\n

JPM analysts are salty because they don’t own Bitcoin.<\/p>\n

\u2014 Paolo Ardoino (@paoloardoino) February 13, 2025<\/a><\/p>\n\n

In an interview with 99bitcoins, when Ardoino was asked what percentage of his portfolio was Bitcoin and Ethereum, he said only\u00a00.01 was allocated to Ethereum. \u201cThe rest is Bitcoin,\u201d Ardoino had said. \u201cEverything else, Bitcoin.\u201d<\/p>\n

Tether analysts say that JPM does not have enough Bitcoin<\/p>\n

\u2014 Paolo Ardoino (@paoloardoino) February 13, 2025<\/a><\/p>\n\n

This situation may not be ideal for Tether as Ardoino recently indicated that the company may consider increasing its presence in the US. <\/span>Speaking to\u00a0<\/span>Bloomberg TV on 16 January 2025<\/span><\/a>,\u00a0<\/span>Ardoino<\/span>\u00a0emphasized the importance of clarity before making any significant moves.<\/span>\u00a0\u201c<\/span>I cannot exclude Tether moving a bit more toward some US presence, but we are also\u00a0<\/span>doing that in a cautious way<\/span>,<\/span>\u201d\u00a0<\/span>he stated.<\/span><\/p>\n

\u201cF<\/span>or the moment, we need regulatory clarity and guidance. We need to see what the laws are\u00a0<\/span>looking<\/span>\u00a0like coming from the\u00a0<\/span>US<\/span>, and then we will decide<\/span>.\u201d<\/span><\/p>\n

Explore: Tether CEO Hints At Expanding US Presence Amid Regulatory Uncertainty<\/a><\/strong><\/p>\n

Investment In Zengo Wallet To Advance Global Stablecoin Adoption<\/strong><\/h2>\n

Tether has announced partnering with Zengo Wallet to promote global stablecoin adoption. <\/span><\/p>\n

On 11 February 2025, Tether issued a <\/span>press release<\/span><\/a> announcing its partnership with Zengo Wallet \u201cto advance secure self-custody solutions and drive the global adoption of stablecoins.\u201d<\/span><\/p>\n

Commenting on the collaboration, Ardoino said, \u201cTether is committed to delivering reliable and secure tools that empower users to take control of their digital assets. Our investment in Zengo reflects that commitment.\u201d<\/span><\/p>\n

\u201cTogether, we are shaping the future of how stablecoins are used and adopted,\u201d Ardoino added.\u00a0<\/span><\/p>\n

Israel\u2019s Zengo Wallet is touted to be a safe wallet with over 1.5 million users worldwide. The company boasts \u201cprotecting digital assets without a single wallet being hacked, phished, or taken over.\u201d<\/span><\/p>\n

\u201cStablecoins are the cornerstone of an inclusive financial future,\u201d said Ouriel Ohayon, Zengo\u2019s Co-founder and CEO. \u201cWe are proud to partner with Tether to make self-custody simple, secure, and accessible.\u201d<\/span><\/p>\n

Explore: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n

The post Tether Clashes With JPMorgan Over Bitcoin Sale Suggestion: Will Tether Sell BTC To Comply With US Stablecoin Regulations?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

JPMorgan analysts believe that Tether will have to sell some of its assets in order to comply with US stablecoin regulations.\u00a0 In fact, the analysts suggested that Tether sell Bitcoin, precious metals, corporate paper, and secured loans. Tether being the largest stablecoin company could find itself in trouble over newly introduced regulations.\u00a0 The STABLE Act […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44341","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44341"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44341"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44341\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}