Happy Taco Tuesday! Trump just served the market another round of TACO (Trump Always Chickens Out).
On November 2, Trump urged Congress to advance the CLARITY Act, with Coinbase, Gemini, Ripple and Chainlink Labs among the crypto industry representatives involved in discussions at the White House.
Meanwhile, the US-Iran negotiations may be approaching a preliminary breakthrough, with Qatar reportedly mediating progress between the two sides. Iran could reopen the Strait of Hormuz within 48 hours if conditions are met, while Trump says oil prices are falling rapidly and denies plans for another attack after the midterms.
But there's a twist: explosions have been reported on Iran's Qeshm Island, 11 oil tankers have reportedly caught fire near Hormuz since October 25, and Israeli intelligence remains skeptical about the chances of a deal.
My take: Crypto gets a potential regulatory catalyst from CLARITY, while oil and risk assets are watching every headline from the Middle East.
CLARITY for crypto, peace for oil, and another TACO for the markets?
Happy Taco Tuesday.
On November 2, Trump urged Congress to advance the CLARITY Act, with Coinbase, Gemini, Ripple and Chainlink Labs among the crypto industry representatives involved in discussions at the White House.
Meanwhile, the US-Iran negotiations may be approaching a preliminary breakthrough, with Qatar reportedly mediating progress between the two sides. Iran could reopen the Strait of Hormuz within 48 hours if conditions are met, while Trump says oil prices are falling rapidly and denies plans for another attack after the midterms.
But there's a twist: explosions have been reported on Iran's Qeshm Island, 11 oil tankers have reportedly caught fire near Hormuz since October 25, and Israeli intelligence remains skeptical about the chances of a deal.
My take: Crypto gets a potential regulatory catalyst from CLARITY, while oil and risk assets are watching every headline from the Middle East.
CLARITY for crypto, peace for oil, and another TACO for the markets?
Happy Taco Tuesday.
