#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
The U.S. Senate Banking Committee is formulating principles for the crypto market structure bill.
Gate News bot news, Fox News reporter Eleanor Terrett posted on X stating that the Senate Banking Committee is drafting its version of the principles for the Crypto Assets market structure bill – the bill will be the focus of a subcommittee hearing chaired by Senator Cynthia Lummis next week.
Senator Tim Scott revealed yesterday that he hopes to hold a full committee hearing sometime next month (likely after the draft is released).