May 12 Crypto Market


🔹Strategy: No trades during a weak market. The news cycle needs to build to a concentrated surge; over the next two days, there’s not much in terms of a clear overall direction.
🔹News:
① On the 14th, the U.S. Senate Banking Committee will vote on the “Clear Act.” It has been dragged out since it was passed by the House in 25’ July; if the bill passes, crypto will have a “legal basis.” U.S.-compliant registered entities such as CRCL could receive funding injections from traditional capital.
② On the 14th, Trump visits China. Pressuring East Asian University to pressure Iran into accepting the agreement is likely to be part of the meeting agenda. Remember in 2023, East Asian University suddenly announced the adjustment of Saudi Arabia–Iran’s reconciliation unilaterally—this time, are they holding back a big move?
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