#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
SEC withdraws DeFi regulatory proposal, ending Gensler's era of strict encryption rules.
[Golden Finance] According to reports, the U.S. Securities and Exchange Commission formally withdrew several proposed rules on Thursday that would impose stricter regulations on Decentralized Finance and Crypto Assets custody. These proposals were put forward under the leadership of former chairman Gary Gensler (, who led the agency's "enforcement regulatory" approach. The abolished proposals included the proposed amendments to Rule 3b-16 of the Exchange Act published in April 2023. This proposal attempted to expand the definition of an exchange, particularly by including Decentralized Finance platforms under the regulation of national securities exchanges. The proposal received criticism from various parties in the industry.