Senate Reviews Controversial Amendments to Digital Asset Legislation
- Amendment Review: The U.S. Senate Banking Committee is set to critically review amendments to the Digital Asset Market Clarity Act this week, focusing on ethical standards and software developer protections, which could reshape the regulatory framework for decentralized finance (DeFi).
- Democratic Proposal Dominance: Most amendments are led by Democratic Senators like Elizabeth Warren and Jack Reed, with Reed suggesting adjustments to stablecoin returns aimed at tightening oversight and ensuring accountability within the sector.
- Ethics and Transparency: Warren's proposal seeks to prevent potential conflicts related to presidential banking applications and calls for a comprehensive overhaul of digital commodity regulations to enhance financial transparency and public oversight.
- CBDC Ban Proposal: Republican Senator Bill Hagerty's proposal to prohibit Federal Reserve-issued CBDCs highlights ongoing debates over digital currency management, which could significantly impact the future passage of legislation.
Get Real-Time Alerts for Any Crypto Movement
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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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 | 0.0213 | 0.039 | 0.0546 | 0.0723 | 0.0879 | 0.106 | 0.121 |
| Fibonacci | 0.039 | 0.0517 | 0.0596 | 0.0723 | 0.085 | 0.0929 | 0.106 |
About MAJOR
About the author
