U.S. Treasury Secretary Rejects CBDC, Backs Ripple’s RLUSD as Future of Digital Finance

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 06 2025

LIKE-0.060000002%

CAT-3.5700002%

SIGN-10.392%

Should l Buy LIKE?

U.S. Treasury Secretary's Stance on CBDC: Scott Bessent has publicly opposed the issuance of a central bank digital currency (CBDC) by the Federal Reserve, labeling it as a "sign of weakness" and advocating for private-sector innovations like dollar-backed stablecoins, particularly Ripple's RLUSD.
Implications for Digital Finance: Bessent's rejection of a CBDC signals a shift towards supporting decentralized financial solutions, suggesting that the U.S. government favors market-driven approaches over government-controlled currencies, potentially paving the way for increased adoption of compliant stablecoins in the financial system.

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Technical Analysis for LIKE

Technical Sentiment Analysis for LIKE (LIKE) As of , LIKE (LIKE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LIKE 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 stock.

Support, Resistance & Moving Averages From a structural perspective, LIKE 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 $-.

LIKE (LIKE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.000554	0.00104	0.00148	0.00197	0.00241	0.0029	0.00334
Fibonacci	0.00104	0.0014	0.00162	0.00197	0.00233	0.00255	0.0029

About LIKE

LIKE is the utility token at the core of an ecosystem of AI & blockchain products built for creators by Like Labs. Like Labs is developing a suite of solutions using AI and blockchain to empower creators, amplify their reach, and create sustainable revenue streams in this new digital age. We believe by removing financial censorship, and providing cutting-edge AI tools, we will create a fairer and more inclusive creator economy.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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