This move to the US by Gate doesn’t seem random, especially considering the efforts of the US authorities to clarify and introduce new regulations within the digital asset landscape. In one such move, United States President Donald Trump signed the first crypto bill, the GENIUS Act, into law.
Lin Han, founder of Gate, said about the move:
The launch of Gate US marks a significant milestone in our global compliance and localized service strategy. We firmly believe the future of the crypto industry lies in deep integration with local markets. Gate Group remains committed to building a trusted global crypto service network—driven by technology and centered on the user.
According to data from CoinGecko, Gate’s trading volume has taken a significant hit in the past 24 hours, falling by over 11% to around $5.82 billion. This decline in trading volume can be correlated with reduced investor activity due to the falling asset prices in the market.
As seen with the recent influx or reentry of entities, the introduction of new, clear regulations seems to be having the expected positive results on the US digital asset landscape. SEC Chair Paul Atkins, in a recent interview, asked that the US “reshore the crypto businesses that fled” the country during the period of unclear regulations.
Meanwhile, US Treasury Secretary Scott Bessent said that the US has entered a “golden age of crypto” as the Trump-led administration looks to unlock the potential of blockchain technology. “Start your companies here. Launch your protocols here. And hire your workers here,” Bessent called out on X.
