#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
California Bill Seeks to Ban Masks for Law Enforcement During Operations
In a move aimed at promoting transparency and accountability, California lawmakers have introduced a bill that would prohibit law enforcement officers from wearing masks during public operations. The legislation comes in response to growing concerns about masked officers participating in controversial immigration raids—particularly those that took place under the Trump administration.
The proposal, unveiled this week in Sacramento, is drawing national attention amid ongoing debates around policing practices, civil liberties, and the legacy of federal immigration enforcement tactics.
Backdrop of Controversial Raids
The bill’s origins trace back to several high-profile immigration enforcement operations carried out in California between 2017 and 2020. During these raids, federal agents from Immigration and Customs Enforcement (ICE) were frequently seen wearing face coverings, making it difficult for witnesses or community members to identify them.
Critics argued that such practices bred fear, reduced accountability, and allowed potential misconduct to go unchecked. “When law enforcement officers conceal their identities, it erodes public trust and creates an environment where abuse can flourish,” said State Assemblymember Lorena Rodriguez, one of the bill’s co-authors. “This bill aims to reestablish the principle that officers should not operate behind a veil of anonymity.”
What the Bill Proposes
The legislation, still in committee, would require that any state or local law enforcement officer operating in public must have their face clearly visible—except in cases where masks are necessary for health and safety (such as during a pandemic or hazardous exposure). Violations could result in administrative penalties or disqualification from participation in joint federal operations.
The bill also seeks to establish clearer protocols for interagency cooperation. California law enforcement agencies often collaborate with federal entities, and the proposed rules aim to ensure that local participation does not compromise state standards of accountability.
Supporters Say It’s About Rebuilding Trust
Supporters of the bill include civil rights groups, immigration advocacy organizations, and several local police reform advocates. Many argue that visible identification of law enforcement is critical during emotionally charged situations such as protests, immigration arrests, or crowd control efforts.
In the image shared by Anadolu Agency, demonstrators are seen confronting masked officers with signs that read, “You’re betraying your own community”—a reflection of the growing disconnect between law enforcement and the public they serve.
“Communities of color, especially immigrant communities, have long been on the receiving end of these secretive operations,” said Jasmine Mendez, a spokesperson for California Justice Now. “This bill is a step toward demilitarizing police presence and restoring public oversight.”
Opposition from Police Unions
However, law enforcement unions and some Republican lawmakers argue that the bill could jeopardize officer safety. “There are valid reasons officers wear masks—protecting their families, avoiding retaliation, and safeguarding their own well-being,” said Steve Ramirez, president of a Southern California police union. “Removing that option may put lives at risk.“
Looking Ahead
The bill is expected to face a heated debate in the California State Assembly later this month. As the nation continues to grapple with its policing culture and the aftermath of Trump-era immigration policies, California appears poised to lead the conversation on balancing officer safety with the public’s right to transparency.