Republican Senators Call for Lower Crypto Capital Requirements
- Capital Requirement Reform: A group of Republican senators in the U.S. is advocating for fairer capital requirements for banking activities linked to crypto assets, arguing that the current 1,250% risk weighting is excessively high and limits banks' ability to operate in the crypto space, thereby impacting financial institutions' market participation.
- Call to Regulators: Led by Wyoming Senator Cynthia Lummis, the senators addressed their concerns to the Federal Reserve, FDIC, and OCC, emphasizing that banks should hold capital based on actual risk levels rather than categorizing all digital asset activities as high-risk, which could misguide regulatory approaches.
- Expansion of Digital Asset Services: The senators urged regulators to extend the recent capital treatment of tokenized securities to a broader range of digital assets, allowing banks to safely offer crypto services under supervision and ensuring that commercial activities remain within the regulated financial system.
- Intensifying Congressional Debate: With Congress currently considering extensive digital asset regulations, the senators highlighted the need to clarify capital rules before introducing new authorities, ensuring that banks can effectively engage in crypto asset activities under current market conditions.
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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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