White House Backs Coinbase's Bank Negotiations, CLARITY Act Delayed
- White House Support: Coinbase CEO Brian Armstrong emphasized that the White House is supportive of ongoing negotiations with banks, aiming to dispel rumors of withdrawal of support for the CLARITY Act, thereby bolstering the company's confidence in the digital asset market.
- Bill Progress Delay: The Senate Banking Committee postponed the markup of the CLARITY Act to January 2026 due to Coinbase's concerns over prohibitions on decentralized finance and stablecoin restrictions, which could impact the company's future compliance strategies.
- Potential Revenue Loss: Coinbase faces a potential annual revenue loss of up to $1 billion due to stablecoin restrictions, highlighting the bill's potential threat to the company's financial health and possibly forcing it to adjust its business model in response to new regulations.
- Industry Leaders Involvement: Several industry leaders, including Armstrong, are actively engaged in discussions surrounding the CLARITY Act, emphasizing the importance of bipartisan cooperation to promote structured competition in the digital asset market and ensure the industry's sustainable development.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
