Coinbase (COIN) and Bullish (BLSH) rose about 8% Wednesday, while Circle (CRCL) gained nearly 10%, outperforming other crypto stocks. Bullish is CoinDesk’s parent. Clear Street analyst Owen Lau said investors may be shifting money out of AI-related stocks after a strong run and moving some of that capital into other market sectors, while renewed optimism about the Digital Asset Market Clarity Act may also be supporting the shares. Bitcoin gained about 2% over the past 24 hours to $64,316.33. Senate Banking Committee Chairman Tim Scott said at the SALT conference in Jackson Hole, Wyoming, that the bill has a "really good shot" of advancing in September and that "There’s no question about the fact that this will become law." The Senate is scheduled to hold a procedural vote on the crypto market structure bill on Sept. 15, with disagreements remaining over crypto rewards, decentralized finance (blockchain-based financial services) and ethics provisions. Patrick Witt, executive director of the White House’s Council of Advisors for Digital Assets, said lawmakers were nearing a point where "a grand bargain can be had." Democrats have said they will withhold support without a strong ethics provision, and the White House has not publicly responded to a proposal submitted by Senators Ruben Gallego and Thom Tillis.