May 12: CLARITY Act Markup Set for May 14, Strategy Buys 535 BTC
Summary
Bitcoin Update: Bitcoin holds above $80,800 amid escalating Middle East tensions that pushed oil higher, while traders await today’s U.S. inflation report that could shape near-term risk appetite.
CLARITY Act Update: The Senate Banking Committee has set a full markup of the crypto market structure bill for May 14, the same day the House will hold a bipartisan crypto tax meeting — potentially the most important single day for U.S. crypto policy in years.
Institutional Moves: Strategy bought another 535 BTC for $43 million, while Exodus sold 1,000 BTC (~$73.2 million) to fund its…
The skinny
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