US sanctions cryptocurrency exchange BitBank

The US Treasury Department bought back US $2.385 billion of treasury bond today.

US Congressman Don Baer opposes the cryptocurrency tax bill and accuses US President Trump of corrupt practices, stating that Congress should not embed cryptocurrency into the economy until more pressing challenges are addressed. （Bitcoin Archive）

Haseeb Qureshi stated at the Avalanche Summit that Bitcoin is expected to reach $100000, but believes that the possibility of a rebound by the end of the year is unlikely, and pointed out that Anthropic employee unlocking may be a catalyst for a rebound early next year.

The US Senate rejected the CLARITY Act bill with a vote of 49-50. Senator Thom Tillis proposed a motion for reconsideration, and seven Democrats who voted against it stated that they are still committed to legislation on cryptocurrency market structure. However, due to differences in ethical provisions and the Senate's recess on October 2, the time window for reaching an agreement on the bill before 2026 is narrowing. (Source: Cointelegraph)

Ethereum founder Vitalik Buterin stated that artificial intelligence will not threaten the security of cryptocurrencies.