ABA Warns of Regulatory Gaps in GENIUS Act Impacting Bank Lending
- Regulatory Warning: The American Bankers Association (ABA) has issued a warning regarding the GENIUS Act, highlighting regulatory gaps that could lead to capital migration from traditional bank deposits to interest-bearing stablecoins, significantly impacting small business and agricultural financing.
- Capital Migration Risks: ABA's analysis indicates that a 5% shift in deposits could reduce available lending capital by $85 billion, affecting over 50,000 small businesses, while a 10% shift could tighten credit availability by $170 billion.
- Consumer Protection Gaps: The GENIUS Act fails to establish clear capital requirements and consumer protection measures for interest-bearing stablecoins, lacking equivalent FDIC insurance, which increases risks for consumers seeking higher yields.
- Complex Legislative Process: The Senate Banking Committee plans to review ABA's concerns and consider amendments, with several months of negotiations expected to address key issues such as capital requirements for stablecoin issuers and consumer protection standards.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 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 | -0.00279 | 0.00637 | 0.0144 | 0.0235 | 0.0316 | 0.0407 | 0.0487 |
| Fibonacci | 0.00637 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0342 | 0.0407 |
About the author
