#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
U.S. lawmakers propose banning officials from issuing personal-themed Crypto Assets.
According to Gate.io News bot and The Block, New York Congressman Ritchie Torres is preparing to introduce the "Preventing Presidents from Profiting from Digital Assets Act." This bill aims to restrict current and former Presidents, Vice Presidents, Members of Congress, and their immediate family members from creating, issuing, or promoting meme coins and stablecoins themed around their personal characteristics.
At the same time, Senator Richard Blumenthal issued subpoenas to World Liberty Financial and Fight Fight Fight LLC to investigate activities related to Trump's cryptocurrency assets.