mmetry", "article": "The signal is not the Strait. It's the legal vehicle.\n\nIran's approval of bill outlines to \"manage\" the Strait of Hormuz — surfaced via Crypto Briefing amid escalating US tensions — is not a military escalation. It's a masterclass in commitment architecture: legislative engineering that converts latent military capability into permanent bargaining leverage. Markets will dismiss this as Tehran theater. That's a miscalculation. Trading desks that wave off the \"bill outlines\" status ignore how gray-zone strategy compounds over time. The crypto ecosystem, increasingly correlated to energy volatility and dollar liquidity, is the canary in this particular coal mine.\n\nContext: Why Legal Form Trumps Military Posture\n\nStrip the noise. The
