PANews reported on February 13 that according to The Block, JPMorgan analysts said that in order to comply with the proposed stablecoin regulations in the United States, Tether may need to sell some non-compliant assets-including Bitcoin, precious metals, corporate notes and secured loans. The United States has proposed two stablecoin bills-the House of Representatives' Stablecoin Transparency and Accountability Act (STABLE Act) and the Senate's United States Stablecoin Innovation Guidance and Establishment Act (GENIUS Act), which aims to regulate stablecoin issuers through licensing requirements, risk management rules, and 1:1 reserve support. The team led by JPMorgan analyst Nikolaos Panigirtzoglou wrote in a report on Wednesday that under the House of Representatives' STABLE Act, only 66% of Tether's reserves are in compliance with regulations, while under the Senate's GENIUS Act, the proportion of reserves that meet the standards is 83%. It is worth noting that analysts said that both figures indicate that Tether's compliance ratio has declined since mid-2024 as the supply of stablecoins has surged.