PANews reported on May 21 that Dr. Han, founder and CEO of Gate, recently gave a live interview to Cointelegraph, sharing his views on the U.S. Clarity Act. Dr. Han stated that if the act is formally implemented, it will establish a clearer regulatory framework for the crypto industry, becoming a significant catalyst for promoting industry innovation and institutional participation.
Dr. Han stated that increased regulatory transparency will effectively reduce industry uncertainty, provide a clearer development path for project issuance, operation, and market expansion, and is expected to attract more innovative activities back to the US market. For trading platforms, clearer rules will also unlock more business opportunities, promote the development of innovative assets, staking, and stablecoin services, further increase institutional participation, and accelerate the industry's maturation.
Gate continues to advance its global compliance strategy. Its Malta subsidiary, Gate EU, has obtained MiCA and PI licenses from the Malta Financial Services Authority; Gate Dubai has obtained a VASP license under the supervision and regulation of Dubai's VARA and is officially operational; and Gate AU has registered as a digital currency trading service provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and is operational. Currently, multiple Gate entities have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai. Furthermore, Gate's total number of state-level licenses in the US has increased to 35, further expanding its compliance footprint to 46 US jurisdictions, solidifying its compliance foundation in the US market.
