CLARITY Act Passes in U.S. House, Reshaping Digital Asset Regulatory Framework
- Bill Passage: The Digital Asset Market Clarity Act, led by Rep. French Hill, passed the U.S. House on July 17, aiming to redefine the regulatory relationship between the SEC and CFTC, thereby reducing regulatory uncertainty and potentially stabilizing markets.
- Dual Regulatory Framework: The Act proposes to differentiate between digital commodities, mature blockchain systems, and permitted payment stablecoins, aiming to provide clear regulatory guidance for digital asset market participants while prioritizing consumer protection and fostering innovation.
- Impact on Compliance Costs: The enactment of this bill could alter compliance costs for crypto investment funds and reshape institutional capital allocation, with the financial sector anticipating that this structured framework will affect market stability and legal clarity.
- Support for Innovation: The passage of the CLARITY Act is seen as a crucial step in ending the regulatory tug-of-war between the SEC and CFTC, potentially reducing regulatory confusion and curbing systemic risks in crypto markets, thereby supporting U.S. innovation and leadership in digital assets.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0481 | 0.0886 | 0.132 | 0.172 | 0.215 | 0.255 | 0.298 |
| Fibonacci | 0.0886 | 0.12 | 0.14 | 0.172 | 0.204 | 0.224 | 0.255 |
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