Crypto News, June 12: Bitcoin Pump and Dump As Trump Says Iran Peace Deal “Closing” for The 40th time, Clarity Act Heats Up at SpaceX IPO Day

Trump is stirring the news and crypto with a fresh Iran peace deal, again. Also, we are in to witness SpaceX IPO as it kicks off while crypto tracks big regulatory moves on the Clarity Act. The usual volatility is back!

Last night, Trump declared the war with Iran over and the papers basically done. He says the Iran deal is on final terms and ready for signing in Europe this weekend. Of course, he won’t be around for it because the White House is throwing a UFC event on the lawn instead. Seriously.

The White House lawn has been transformed for fight night.

A UFC Octagon now sits just steps from the White House, surrounded by plenty of seats for an audience.

The setup is for the upcoming "Freedom 250" event on June 14, weeks before America prepares to celebrate its 250th… pic.twitter.com/ZmYQnIHoXh

Nevertheless, Iranian officials and state media quickly shut this down, saying nothing has been agreed upon. Oil dropped, and stocks popped anyway.

The rollercoaster is in full swing, and people are not Bitcoin traders anymore, but more of Trump traders. The back and forth is becoming a classic. It keeps risk assets guessing in the short term. This is what, the 39th or 40th time the market has heard this exact story? But is any of it real?

Sometimes i think all traders are ch*tya who trad based on trump statements

Trump: I’m attacking Iran. I’m not attacking Iran. I’m attacking Iran. I’m not attacking Iran.

Markets: pic.twitter.com/vwd8jyci9f

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Sen. Tim Scott laid it out straight on the Clarity Act. ” It is about protecting consumers and keeping America in the lead on innovation. Blockchains and digital assets are coming, period. Lead or get left behind.”

Chairman @SenatorTimScott on digital assets: “Job one is making sure that consumers are protected.”

The Clarity Act will establish clear rules of the road, protect consumers, and help ensure America leads the future of finance. pic.twitter.com/oaDneF83Vj

Simultaneously, Ripple’s Brad Garlinghouse did not hold back on Jamie Dimon. The JP Morgan boss has spent a decade calling the whole space a Ponzi and Bitcoin a pet rock. Meanwhile, his own bank pulls in 20 billion from payments and clearly wants to protect that turf. Claiming the Clarity Act opens the door to bad actors is just not accurate.

WATCH: RIPPLE $XRP CEO BRAD GARLINGHOUSE SAYS CLARITY ACT WILL UNLOCK CRYPTO ADOPTION, SAYS JAMIE DIMON IS MISREPRESENTING THE BILL TO PROTECT JPMORGAN’S PAYMENTS BUSINESS pic.twitter.com/KputcwMg9H

CFTC Chair Mike Selig also called out the obvious. Crypto has run under too much uncertainty for too long. Time to stop regulating through enforcement and vague rules.

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The biggest news today might not come from crypto internally, but it might affect the crypto market, or it has. The SpaceX IPO is going live today on Nasdaq after locking in yesterday. 555.6 million shares at 135 dollars each, 75 billion raised, and a 1.77 to 1.8 trillion valuation. It’s the biggest IPO ever with no contest.

It is interesting because SpaceX skipped the usual banker dance IPO and just set the price. It is reported that demand came in at over 250 billion, with BlackRock alone taking at least 5 billion. Employees across the board, even support staff from earlier rounds, are looking at life-changing money.

JUST IN: BlackRock reportedly placed an order to buy at least $5B of $SPCX shares. pic.twitter.com/uvXkFoNGZz

This capital move is likely pulling some attention and liquidity away from crypto right now. It could be the SpaceX IPO that brought the mysterious drop 2 weeks ago, rather than geopolitical. Short-term pressure is making sense. Long term, it shows an appetite for bold tech plays, which might spill back into crypto.

The SpaceX IPO is proof that big money still chases real innovation when it is presented cleanly. Despite the Trump vs. Iran noise and money flowing into the SpaceX IPO, regulatory clarity on the Clarity Act is the real awaited catalyst. Geopolitical volatility will settle once the rules are clearer. We saw how Bitcoin posted its all-time high during the Ukraine war.

This news cycle is setting up crypto for a stronger footing ahead. Investors who see past the daily drama know digital assets are positioned to lead the next wave. Such clean big listings only prove the market rewards execution over theater. Any real progress on de-escalation helps crypto, but the bigger picture remains bullish as innovation and sensible rules finally line up.

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The post Crypto News, June 12: Bitcoin Pump and Dump As Trump Says Iran Peace Deal “Closing” for The 40th time, Clarity Act Heats Up at SpaceX IPO Day appeared first on Cryptonews.