A crypto news roundup also cited a Washington insider’s warning that a U.S. defeat in Iran is now "likely," adding a potential macro risk for Bitcoin.
A crypto news brief for Tuesday, May 12 highlighted two developments affecting digital asset markets. First, it said a Washington insider warned that a U.S. defeat in Iran is now "likely," framing the situation as a new macro risk for Bitcoin because geopolitical stress can influence investor sentiment and broader risk markets. Second, it said the White House revealed that U.S. banks "refused" to attend meetings aimed at resolving a stablecoin rewards issue in the CLARITY Act, a proposed U.S. crypto market structure bill. The report did not provide further details on the meetings, the banks involved, or the specific policy outcome.