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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
U.S. Senator plans to amend the GENIUS Act to prevent the Trump family from profiting from stablecoins.
[U.S. Senators Propose Amendments to the GENIUS Act to Prevent the Trump Family from Profiting from Stablecoins] U.S. Senate Minority Leader Chuck Schumer, Elizabeth Warren, and Jeff Merkley will propose amendments to the "U.S. Stablecoin National Innovation and Establishment Act" (GENIUS Act) to prevent the U.S. President from profiting from stablecoins. Merkley stated: "Without including anti-corruption amendments, it is equivalent to Congress endorsing Trump to sell influence to the highest bidder." Trump and his three sons are involved with the World Liberty Financial (WLFI) platform, which launched the USD1 stablecoin in March. Critics point out that if related legislation recognizes USD1 as a financial instrument, the President may benefit from it.