Tether May Have to Sell Down Reserves to Comply With U.S. Stablecoin Rules: JPMorgan

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Tether May Have to Sell Down Reserves to Comply With U.S. Stablecoin Rules: JPMorgan

Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.

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U.S. Prioritizes Stablecoins Over Bitcoin Reserve Here's Why - TECHTELEGRAPH

The hopes for a lightning-speed establishment of the Strategic Bitcoin reserve were high. However, it is the stablecoins regulation that becomes a dominant narrative in the high-profile crypto discussions. While the government is working on the legal framework, not everyone in the crypto community understands well how they can capitalize off stablecoins. The U.S. is not going to develop a local CBDC, but the officials are already working on the …

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Tether engages with US lawmakers on stablecoin regulatory framework, says CEO Paolo Ardoino

Tether's collaboration with US lawmakers on stablecoin regulation could reshape the crypto market, impacting compliance and operational strategies. The post Tether engages with US lawmakers on stablecoin regulatory framework, says CEO Paolo Ardoino appeared first on Crypto Briefing.

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The USDT issuer is under regulatory pressure and its compliance may strongly impact the digital asset market. Read more

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Tether CEO Paolo Ardoino Slams JPMorgan’s Compliance Warning

Recent reports indicate that JPMorgan analysts have raised concerns over Tether’s compliance with proposed stablecoin regulations in the United States. According to Nikolaos Panigirtzoglou and his team of analysts, Tether needs to lower its Bitcoin holdings according to standards that match regulatory requirements. Tether CEO Paolo Ardoino refuted such concerns by attacking the analysts and strongly maintaining his company’s stance without provi…

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JP Morganel's biggest bank analysts in the United States, said on Thursday (13) that the AtarStation in Stablecoin USDT could sell its over 93,000 bitcoins (R $51.7 billion) to adapt to new US regulations. According to Tether's latest report, on December, the company had $ [...] The entry JPMorgan says that Tether, owner of USDT, could sell 93,000 bitcoins to adapt to the regulation was first published in The Cryptocurrency.