Senators Question Tether and Lutnick Over Loan Relationships
- National Security Concerns: Senators Warren and Wyden are raising alarms over related-party lending between Commerce Secretary Lutnick and Tether, viewing it as a potential national security risk, particularly since Lutnick led Cantor Fitzgerald, which serves as a custodian for Tether's U.S. Treasury holdings.
- Loan Arrangement Inquiry: On April 29, the senators sent a letter to Lutnick requesting documents related to the loan arrangements between Tether and Cantor Fitzgerald, aiming to uncover potential conflicts of interest and their implications for government ethics, especially amid ongoing discussions on stablecoin legislation.
- Regulatory Environment Shift: As Congress actively debates the GENIUS Act, Tether faces increased scrutiny, and if lawmakers determine that existing relationships between stablecoin issuers and custodians lack adequate safeguards, stricter separation requirements may be introduced, impacting market confidence.
- Importance of Disclosure: Lutnick's cabinet position elevates the political stakes of this inquiry, as Congress can compel document production from executive officials, potentially revealing information that previous investigations could not access, thereby advancing regulatory oversight of crypto financial infrastructure.
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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 3 technical signals, shows that 3 indicators are flashing buy, while 0 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 | 0.0258 | 0.0288 | 0.0314 | 0.0344 | 0.037 | 0.04 | 0.0426 |
| Fibonacci | 0.0288 | 0.031 | 0.0323 | 0.0344 | 0.0366 | 0.0379 | 0.04 |
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