In today's crypto news, Gate exchange has introduced spot trading services in the U.S., marking its first offering to American customers. Founded in 2013 by Lin Han, Gate attributed its U.S. launch to enhanced regulatory clarity. Initially, it will provide various crypto trading pairs, with plans for fiat on- and off-ramps and custodial wallet support. Recently, Gate reported a spot trading volume of $6.8 billion in just 24 hours. Meanwhile, venture capital firm Andreessen Horowitz (a16z) urged U.S. senators to amend a draft crypto regulation bill, warning it could create loopholes that jeopardize investor protections. Their open letter highlighted concerns over the definition of ancillary assets, which could undermine the Howey test for securities. Additionally, crypto treasury firms are set to invest over $7.8 billion in crypto this week, with significant interest in altcoins. Notable investments include Tron Inc. aiming to raise $1 billion for its token and Strategy acquiring $2.5 billion in Bitcoin.
