JPMorgan Chase: Tether may need to sell bitcoin to comply with proposed U.S. stablecoin regulations

Analysts at JPMorgan estimate that only 66% to 83% of Tether's reserves are compliant with proposed US stablecoin regulations and may require an asset restructuring. If the regulations are passed, analysts say Tether may need to sell bitcoin and other non-compliant assets in favor of buying US Treasuries and liquid reserves.