US Congress Pushes for Permanent CBDC Ban
- Legislative Movement: House Republicans are pushing to convert the temporary restriction on central bank digital currencies (CBDCs) into a permanent ban through the revised 21st Century ROAD to Housing Act, demonstrating strong opposition to CBDCs.
- Opposition Voices: Representative Warren Davidson argues that the Senate's 2030 expiration date could create a pathway for a future Federal Reserve digital dollar, prompting the House's revision to remove this 'backdoor green light' to ensure the prohibition remains effective indefinitely.
- Privacy and Freedom: House Majority Whip Tom Emmer continues to lobby the Senate to pass his Anti-CBDC Surveillance State Act, which aims to prevent the Federal Reserve from creating or issuing CBDCs, emphasizing that this issue is closely tied to privacy and financial freedom.
- International Context: While U.S. CBDC legislation faces challenges, globally, only Nigeria, Jamaica, and the Bahamas have fully launched CBDCs, with other countries still in pilot or research phases, reflecting varying attitudes and strategies towards CBDCs.
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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 | - | - | - | - | - | - | - |
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