Blockchain Industry Urges Progress on Stablecoin Legislation
- Warning on Yield Ban: The NC Blockchain industry group is urging Senator Thom Tillis to advance the Clarity Act, warning that a ban on stablecoin yields could drive capital abroad, impacting local financial institutions' competitiveness.
- Lobbying Impact on Legislation: The North Carolina Bankers Association (NCBA) is heavily lobbying for a total ban on stablecoin yields, despite some local financial institutions supporting technological advancements, highlighting internal industry divisions.
- Risk of Legislative Delays: Senator Tillis has recommended delaying the markup of the Clarity Act until May 2026, which could shelve the bill for years and affect the regulatory framework for the U.S. crypto market.
- Economic Advisers Report Critiques Lobbying: A report from the White House Council of Economic Advisers criticizes bank lobbying, noting that stablecoin yields would only marginally affect bank loans by 0.02%, questioning the justification for imposing $800 million in costs on consumers.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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