While a lot still needs to be defined during consultations on the bills in coming weeks, even in the most extreme scenario, JPMorgan discounts the fact that Tether's group equity (on top of stablecoin reserves) is over 20 billion in other very liquid assets and is generating more than 1.2 billion in profits per quarter through U.S. Treasuries, without counting profits from other investments and activities. Tether has probably the best risk management in the industry. JPM is just salty because they're missing the Bitcoin train. https://www.theblock.co/post/340679/tether-ceo-jpmorgan-analysis-reserves