Senator Tillis Opposes Clarity Act Without Ethics Safeguards
- Ethics Requirement: North Carolina Senator Thom Tillis has stated that he will oppose the Clarity Act if it does not include ethics provisions governing how government officials engage with or profit from digital assets, a stance that could hinder legislative progress.
- Legislative Roadblock: Financial services firm TD Cowen identifies Tillis as the 'latest roadblock' to the Clarity Act's passage, noting his strong stance against the administration may lead him to maintain this position, impacting the bill's final approval.
- Bipartisan Cooperation Needed: Democratic legislators emphasize that without bipartisan agreement on ethics provisions, the bill will not move forward, with Senator Schiff indicating that negotiations are gaining momentum as other parts of the bill come together, narrowing differences.
- Bill Overview: The Clarity Act aims to delineate regulatory responsibilities between the Commodity Futures Trading Commission and the Securities and Exchange Commission for cryptocurrency oversight; despite the House passing companion legislation last July, the bill has faced multiple delays due to ethics requirements and other issues.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 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 | 0.0146 | 0.0354 | 0.0484 | 0.0692 | 0.0822 | 0.103 | 0.116 |
| Fibonacci | 0.0354 | 0.0483 | 0.0563 | 0.0692 | 0.0821 | 0.0901 | 0.103 |
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