Here’s what happened in crypto today

Today in crypto, Democratic Senator Ruben Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches. Standard Chartered analyst Geoff Kendrick said Bitcoin could climb to $100,000 by year-end as US Treasury bond buybacks improve liquidity, while spot Bitcoin exchange-traded funds added $189 million to push August net inflows toward $1 billion.

Gallego warned that rushing the CLARITY Act to a Senate vote before lawmakers resolve disputes over ethics and stablecoin yield could set United States crypto market structure legislation back.
Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said the crypto industry should encourage Senate Democrats and Republicans to continue negotiating instead of pushing for an immediate vote. He said lawmakers still had to address the bill's Agriculture Committee portion, assemble the broader package and determine how to send it to the House.
The warning complicates the Trump administration's push for swift passage by suggesting that a procedural vote could arrive before negotiators have assembled the bipartisan coalition needed to reach the Senate's 60-vote threshold.
"Don't go for a fast vote," Gallego said. "A fast vote gets you a fast result, but I'm not sure it's the result you want." He added that Congress still had a lot of steps to complete and that "any premature movement is going to set it back further."
#BTCSurgesPast70000Up8.3% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12%