Crypto Political Spending Transforms US Elections
- Crypto Political Spending: In the 2024 election cycle, crypto-backed PACs spent approximately $139 million across 58 House and Senate races, with around 85% of supported candidates winning, indicating the industry's rapidly growing political influence.
- Regulatory Environment Changes: As crypto political spending increased, the SEC dropped its civil case against Coinbase in February 2025 and passed the GENIUS Act, establishing a necessary federal framework for stablecoins, reflecting the industry's lobbying efforts altering regulatory priorities.
- Texas as a Testing Ground: In Texas, crypto PAC spending on congressional candidates has surpassed $2.5 million, already exceeding the $1 million spent throughout the entire 2024 cycle, highlighting the state as a crucial battleground for the industry's political strategy.
- Future Political Impact: Crypto political spending has evolved from a response to regulatory pressure following FTX into a sophisticated lobbying network, potentially continuing to influence the direction of crypto regulation in future elections and legislation.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0328 | 0.0401 | 0.0464 | 0.0537 | 0.0599 | 0.0673 | 0.0735 |
| Fibonacci | 0.0401 | 0.0453 | 0.0485 | 0.0537 | 0.0589 | 0.0621 | 0.0673 |
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