Gate.io, one of the world’s leading cryptocurrency exchanges, has officially launched spot trading services in the United States. Founded in 2013 by Lin Han, the exchange is now opening its doors to American traders for the first time, following what it calls “improved regulatory clarity.”
Initially, U.S. users will have access to a variety of crypto trading pairs. Gate also has plans to introduce fiat on- and off-ramps and custodial wallet solutions in the near future, expanding its offerings as it gains regulatory traction. The move comes shortly after the exchange reported a 24-hour spot trading volume of $6.8 billion, highlighting strong global demand and growing momentum.
Andreessen Horowitz Criticizes U.S. Crypto Bill
While Gate.io expands into the U.S., venture capital firm Andreessen Horowitz (a16z) is pushing back against parts of a proposed crypto regulation bill. In an open letter to U.S. senators, a16z warned that the current draft could create legal loopholes that threaten investor protections.
A key concern centers on the definition of “ancillary assets.” According to a16z, this language could weaken the application of the Howey Test — a standard method used to determine whether an asset is considered a security. The firm argues this change could open the door to regulatory arbitrage and confusion, putting investors at greater risk.
Crypto Firms Inject $7.8B in New Investments
Meanwhile, crypto treasury firms are gearing up for major allocations, with over $7.8 billion expected to flow into digital assets this week alone. The investment trend signals renewed institutional confidence, particularly in altcoins and large-cap tokens.
Notable developments include Tron Inc., which is aiming to raise $1 billion to boost its token ecosystem, and Strategy, a crypto-focused asset manager, acquiring $2.5 billion in Bitcoin. The moves reflect a broader trend of capital flowing into the crypto market, even as regulatory debates continue in Washington.
