39 Firms Urge EU to Accelerate DLT Rule Reforms
- Industry Call: A coalition of 39 financial institutions and industry bodies has urged EU lawmakers to treat the DLT Pilot Regime as a standalone law to expedite blockchain rule reforms, avoiding integration into broader legislative packages, thereby enhancing Europe's competitiveness in global tokenized finance.
- Pilot Program Expansion: Proposals include broadening the asset scope of the DLT Pilot Regime, raising the testing cap to €150 billion, and removing time limits on licenses to support larger-scale pilot projects, fostering the development of regulated on-chain markets.
- U.S. Comparison: The U.S. SEC has clarified that broker-dealers can custody tokenized securities under existing investor protection rules, contrasting sharply with Europe's cautious approach, prompting calls for Europe to accelerate policy adaptation to maintain competitiveness.
- Policy Urgency: The letter emphasizes that delays in reform could dampen Europe's momentum in DLT adoption, raising concerns among market participants about lagging policy momentum and urging swift action to prevent liquidity loss.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 2 technical signals, shows that 1 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 0.999 | 0.999 | 1 | 1 | 1 | 1.001 |
| Fibonacci | 0.999 | 0.999 | 0.999 | 1 | 1 | 1 | 1 |
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