Ripple Advocates for Clear Stablecoin and Tokenization Rules
- Stablecoin Rule Update: Ripple has submitted a request to the SEC through its newly formed Crypto Task Force, seeking updates to broker-dealer capital rules for payment stablecoins, particularly clarifying Rule 15c3-1 to better handle stablecoins used as collateral on balance sheets, thereby reducing compliance risks and enhancing market transparency.
- Non-Security Asset Classification: Ripple is asking the SEC to clarify how crypto assets classified as non-securities should be treated in the market, especially for assets beyond Bitcoin and Ethereum, ensuring XRP remains central in policy discussions, which could support its future compliance and market acceptance.
- Tokenized Securities Proposal: Ripple urges the SEC to recognize on-chain registries for tokenized securities, proposing that a regulated digital transfer agent maintain legal records to reduce disputes between blockchain records and traditional ownership systems, thereby enhancing legal certainty in transactions under market stress.
- Regulatory Clarity Enhancement: Ripple's letter reflects increased dialogue between the SEC and crypto firms, aiming to convert policy discussions into specific rule requests that support final guidance on tokenization, custody, and payment settlement, thus advancing the overall development of U.S. crypto policy.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0211 | 0.0258 | 0.031 | 0.0357 | 0.0409 | 0.0456 | 0.0507 |
| Fibonacci | 0.0258 | 0.0296 | 0.0319 | 0.0357 | 0.0395 | 0.0418 | 0.0456 |
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