US Lawmakers Advance Digital Dollar Ban Legislation
- CBDC Ban Legislation: The Senate has added a four-year prohibition on central bank digital currencies (CBDCs) to a housing affordability bill, aiming to prevent the U.S. from replicating European and Chinese CBDC frameworks, reflecting strong opposition to state surveillance tools.
- Bill Passage Details: The bill passed overwhelmingly with an 85-5 vote, and if approved by the House and signed by President Trump, the CBDC ban will become federal law, although it will only be effective until the end of 2030.
- Trump's Position: Earlier, President Trump directed his administration not to pursue a CBDC, arguing it could jeopardize privacy rights and the stability of the U.S. financial system, highlighting concerns over government financial control.
- International CBDC Developments: Meanwhile, South Korea and Europe are advancing their CBDC projects, with the Bank of Korea moving to the second phase of its pilot and the European Parliament approving the Digital Euro's necessity, showcasing differing global attitudes and progress on CBDCs.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP 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, TRUMP 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 $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.266 | 1.516 | 1.708 | 1.958 | 2.15 | 2.4 | 2.592 |
| Fibonacci | 1.516 | 1.685 | 1.789 | 1.958 | 2.127 | 2.231 | 2.4 |
About TRUMP
About the author
