Anti-DeFi Group Urges Senators to Pass Crypto Legislation Excluding DeFi Provisions
- Legislative Call: The anti-DeFi group is running ads on Fox News urging the public to pressure Senators to pass crypto market structure legislation that excludes DeFi provisions, highlighting a strong intent to protect the banking industry.
- Potential Impact: The US Treasury estimates that widespread adoption of stablecoins could lead to a staggering $6.6 trillion outflow from traditional banking deposits, indicating the perceived threat of DeFi to the financial system.
- Legislative Progress: The Senate Banking Committee has scheduled a markup for the CLARITY Act on January 15, although concerns exist that the bill may be delayed until 2027 due to the 2026 midterm elections.
- Industry Reaction: The crypto community has expressed frustration over anti-DeFi efforts, with Uniswap Labs CEO questioning the transparency of the Investors For Transparency organization, reflecting a strong demand for clarity within the industry.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) 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 DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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