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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 SEC has terminated its investigation into PayPal's stablecoin PYUSD and has not taken enforcement action.
According to the Gate.io News bot, Cryptonews reports that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal stablecoin PYUSD and has not taken any enforcement action.
According to documents disclosed by PayPal on Tuesday, the SEC's enforcement division notified the termination of the investigation in February 2025, after issuing a document subpoena in November 2023.
PayPal mentioned in the document that the regulatory environment is continuously changing, and future legislation poses costs and risks to stablecoin issuers and their partners. If PYUSD is involved in illegal transactions, its issuer partners will face legal disputes.