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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
Ripple CEO Brad Garlinghouse addressed US Crypto President David Sacks' Statements! Here are the details.
Ripple CEO Brad Garlinghouse emphasized the unprecedented importance of the event for the digital asset industry by addressing the recent criticisms surrounding Crypto President David Sacks' press conference in the US.
Ripple CEO Brad Garlinghouse found US Crypto President David Sacks' Comments Positive
Garlinghouse's comments came in response to mixed reactions following an extraordinary show of bipartisan support by US lawmakers at the event.
The Senate Banking Committee Chairman, House Financial Services Committee Chairman, Senate Agriculture Committee Chairman, and House Agriculture Committee Chairman attended the press conference. This is a coalition that Garlinghouse described as 'something we've never seen before.'
The meeting was led by the newly appointed 'Crypto President' and revolved around a collective commitment to develop clear regulatory frameworks for the cryptocurrency industry.
This commitment signals a significant shift in the US government's approach to digital assets, with the merger of bipartisan leaders from both financial and agricultural oversight committees to support legal clarity.
Garlinghouse, emphasizing the historical significance of the event, said, "Commitment to passing the crypto clarity legislation is a 100% big deal."
Reflecting the expanding impact of crypto beyond traditional finance, the inclusion of both financial and agricultural committee leaders takes into account the role of commodity regulations in overseeing digital assets like Bitcoin and Ethereum.