Conflict Escalates Over GENIUS Act as Coinbase Faces Off Against 52 Banks Regarding Stablecoin Regulations
ABA and State Groups' Position: The American Bankers Association (ABA) and 52 state banking associations are urging the U.S. Treasury to maintain the ban on stablecoin interest as outlined in the GENIUS Act, citing concerns over potential destabilization of the financial system.
Coinbase's Stance: Coinbase is advocating for a narrower interpretation of the GENIUS Act, suggesting that only stablecoin issuers should be restricted from offering interest, while other platforms should be allowed to provide incentives, warning that strict regulations could hinder U.S. competitiveness in digital finance.
Banking Sector Concerns: The banking sector, represented by the ABA and the Bank Policy Institute, warns that allowing stablecoin interest could lead to significant deposit outflows, potentially exceeding $6 trillion, and create an unfair advantage for crypto firms over traditional banks.
Coinbase's Financial Performance: Despite regulatory tensions, Coinbase reported a strong financial performance with Q3 2025 revenue of $1.86 billion, driven by stablecoin services, emphasizing the importance of this segment to its business model as the debate over the GENIUS Act continues.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X 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 stock.
Support, Resistance & Moving Averages From a structural perspective, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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