White House Anger at Coinbase Puts Trump’s Crypto Bill in Serious Danger
- Tension with Coinbase: Coinbase's abrupt withdrawal of support for the CLARITY Act has angered the White House, which views the move as disruptive to Senate negotiations, potentially jeopardizing the bill's future, with Coinbase shares fluctuating around $150.
- Stablecoin Yield Dispute: Banking groups raised objections to stablecoin yield provisions, arguing that higher yields could disrupt deposit flows, while crypto firms countered that yield flexibility fosters competition and innovation, stalling bipartisan cooperation in the Senate.
- Increased Political Pressure: As the 2026 midterm elections approach, the CLARITY Act, central to Trump's digital asset strategy, faces heightened political pressure, with industry executives warning that delays could harm competitiveness, although some leaders predict eventual passage.
- Lack of Coordination in Negotiations: White House officials believe Coinbase acted without coordination, complicating negotiations with traditional banks, and indicated that if talks fail, they may withdraw support for the bill, raising political uncertainty around its future.
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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 7 technical signals, shows that 5 indicators are flashing buy, while 2 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 stock.
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 | -0.00285 | 0.00634 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00634 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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