{"id":21153,"date":"2025-02-14T12:36:16","date_gmt":"2025-02-14T10:36:16","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-ceo-challenges-jpmorgans-us-regulatory-analysis\/"},"modified":"2025-02-14T12:36:16","modified_gmt":"2025-02-14T10:36:16","slug":"tether-ceo-challenges-jpmorgans-us-regulatory-analysis","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-ceo-challenges-jpmorgans-us-regulatory-analysis\/","title":{"rendered":"Tether CEO Challenges JPMorgan&#8217;s US Regulatory Analysis"},"content":{"rendered":"<p>Tether is confident in its &#8220;simple&#8221; adaptation to US stablecoin regulations and disagrees with JPMorgan analysts&#8217; conclusions about the need to sell bitcoins. This was stated by USDT issuer&#8217;s CEO Paolo Ardoino to <a href=\"https:\/\/www.theblock.co\/post\/340679\/tether-ceo-jpmorgan-analysis-reserves\">The Block<\/a>.<\/p>\n<p>On February 13, bank specialists claimed that the company would face the necessity of selling bitcoins to comply with US legislation.<\/p>\n<p>Currently, Tether holds 83,758 BTC (~$8.04 billion).<\/p>\n<p>The experts&#8217; conclusions are based on the STABLE Act proposed in the House of Representatives and the GENIUS Act in the Senate.<\/p>\n<p>The documents suggest the use of <span data-descr=\"US Treasuries\" class=\"old_tooltip\">US Treasuries<\/span> and other liquid and reliable assets. According to JPMorgan, only 66%-83% of USDT reserves meet these criteria.<\/p>\n<p>Besides the first cryptocurrency, Tether might have to dispose of gold, corporate bonds, and secured loans.<\/p>\n<p>According to Ardoino, analysts did not consider the company&#8217;s capital.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Even in the most extreme scenario, JPMorgan misses the fact that the issuer&#8217;s own funds exceed $20 billion in other liquid assets and generate more than $1.2 billion in quarterly profits through US Treasuries,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>Ardoino refrained from directly answering the question about the necessity of selling digital gold.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JPM analysts are salty because they don&#8217;t own Bitcoin.<\/p>\n<p>\u2014 Paolo Ardoino ?? (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1890012588559446245?ref_src=twsrc%5Etfw\">February 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;JPM analysts are bitter because they don&#8217;t own bitcoins,&#8221; he quipped.<\/em><\/p>\n<\/blockquote>\n<p>The firm&#8217;s CEO explained that the organization &#8220;closely monitors the development of legislative initiatives and interacts with regulators.&#8221;<\/p>\n<p>Back in 2023, Tether announced regular investments in the first cryptocurrency.<\/p>\n<p>In February 2024, the company reported plans to create an AI application for bitcoin wallets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether is confident in its &#8220;simple&#8221; adaptation to US stablecoin regulations and disagrees with JPMorgan analysts&#8217; conclusions about the need to sell bitcoins. This was stated by USDT issuer&#8217;s CEO Paolo Ardoino to The Block. On February 13, bank specialists claimed that the company would face the necessity of selling bitcoins to comply with US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,229,36,807,1245],"class_list":["post-21153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-jpmorgan","tag-regulation","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21153"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21152"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}