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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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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
The U.S. House Financial Services Committee advances the STABLE Act, yet to be submitted for a vote in the House.
According to Gate News bot, The Block reported that the U.S. House Financial Services Committee has advanced its own stablecoin legislation - the "Stablecoin Transparency and Accountability for a Better Ledger Economy Act" (STABLE Act). The bill has not yet been submitted for a vote by the full House.
This may require additional consideration for the further advancement of the "GENIUS Act," as representatives in the House may seek to integrate elements of the "STABLE Act" or prioritize their own legislation.
The U.S. "GENIUS Act" was passed by a final vote in the Senate with bipartisan support on Tuesday and submitted for review by the House of Representatives.